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S. Korea’s industrial output edges up in November

by ChemOrbis Editorial Team -
  • 30/12/2014 (13:07)
According to data released by Statistics Korea, South Korea’s industrial output posted the fastest pace of growth in four months in November. The country’s industrial production rose 1.3% month over month from a downwardly revised rate of 1.7% reported in October. Initial estimates called for a 1.0% gain in a survey by Reuters.

The country’s manufacturing climbed 1.4% month over month in November owing to higher production of cars and semiconductors. Production in the service sector was down 0.3% after posting an increase of 0.8% in October while retail sales rose 1.9% month over month in November.

On a yearly basis, the country’s industrial production decreased 3.4% in November when compared to a 3.2% decline in October.
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