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South Korea Industrial Output Jumps 1.7% In December
(RTTNews) - Industrial production in South Korea was up a seasonally adjusted 1,7 percent on month in December, Statistics Korea said on Friday.
That well exceeded expectations for an increase of 0.5 percent and was up from 0.6 percent in November.
On a yearly basis, production slipped 0.3 percent - but that also beat expectations for a drop of 2.1 percent following the 1.4 percent contraction in the previous month.
The bureau also said that retail sales gained 0.9 percent on month in December, beating forecasts for a decline of 1.0 percent after slipping 3.3 percent a month earlier.
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