South Korea’s March factory output falls most in 15 months
Add BT as a preferred source
SOUTH Korea’s factory output fell in March by the most in 15 months, government data showed on Tuesday, missing market expectations.
The industrial production index fell 3.2 per cent from a month earlier on a seasonally adjusted basis, after a gain of 2.9 per cent in February and compared with a rise of 0.6 per cent tipped in a Reuters survey of economists.
It was the fastest monthly fall since December 2022 and caused by declines in metal processing and electronic parts, according to Statistics Korea.
On an annual basis, production rose 0.7 per cent, slower than the previous month’s 4.6 per cent rise and an increase of 5.4 per cent expected by economists. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
