South Korea Sept factory output increases 0.3% m-o-m, better than expected
[SEOUL] South Korea's industrial output rose by a seasonally adjusted 0.3 per cent in September from the previous month, data showed on Monday, outperforming expectations and bouncing back from a 2.4 per cent fall in August that was unchanged from estimates.
It was better than the median 0.5 per cent decline forecast in a Reuters survey.
On an annual basis, industrial output fell 2 per cent in September after a revised 2.2 per cent gain in August, the Statistics Korea data showed.
It compared to a median 1.5 per cent fall tipped in the Reuters survey.
Statistics Korea said service-sector output fell 0.6 per cent in September on a seasonally adjusted basis following a revised 0.8 per cent rise in August.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Any pivot on rates by Fed will mean more blood in stock markets
IMF boosts Asia growth forecast this year on China, India
Australian retail sales unexpectedly decline, currency drops
South Korea’s March factory output falls most in 15 months
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier