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S. Korea’s industrial output rises at slower pace in 2014

by ChemOrbis Editorial Team -
  • 30/01/2015 (16:43)
South Korea’s industrial output posted increase at the slowest pace since records began to kept in 2000 in 2014, according to media reports. The country’s factory output rose 1.1% on the year.
However, industrial output increased for a second straight month in December, rising by a seasonally adjusted rate of 3.0% owing to higher production of automobiles, semiconductor memory chips and related parts and components.

On a yearly basis, factory output rose 0.4% in December. It was reported that South Korean companies benefited from lower oil prices, which brought down production costs.

Meanwhile, South Korea’s retail sales expanded 2.2% month over month in December while sales for durable goods increased 3.2%.
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