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S.Korea Nov factory output rise most in 4 months vs Oct
[SEOUL] South Korea's industrial output rose by a seasonally adjusted 1.3 per cent in November from October, just beating the market's consensus view and marking its fastest rise in four months, data showed on Tuesday.
The median forecast in a Reuters survey of economists was for the industrial output index to gain 1.0 per cent in November on-month, while the forecasts ranged from a 1.3 per cent fall to a 1.6 per cent gain.
The November reading follows a revised 1.7 per cent fall in October, compared with a provisional 1.6 per cent drop reported earlier, the data from Statistics Korea showed. It rose by the fastest clip since a 1.5 per cent rise in July.
On a year-on-year basis, industrial output slipped 3.4 per cent in November after a revised 3.2 per cent decline in October, compared to a median 2.5 per cent fall tipped in the Reuters survey.
The statistics agency data also showed that service-sector output edged down by a seasonally adjusted 0.3 per cent in November on a monthly basis after a revised 0.8 per cent rise in October.