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Financial News: South Korea Industrial Output Advances 0.4% In August

South Korea Industrial Output Advances 0.4% In August

09/28/2017 - 19:26:00 (RTTNews)

(RTTNews) - Industrial production in South Korea added a seasonally adjusted 0.4 percent on month in August, Statistics Korea said in Friday's preliminary reading.

That missed forecasts for a gain of 0.5 percent following the downwardly revised 1.7 percent gain in July (originally 1.9 percent).

On a yearly basis, industrial production added 2.7 percent - beating forecasts for a gain of 2.2 percent following the downwardly revised 2.0 percent increase in the previous month (originally 2.2 percent).

The index pf all industry production was flat on month and climbed 2.6 percent on year.

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