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Financial News: South Korea Industrial Output Gains 0.2% In May

South Korea Industrial Output Gains 0.2% In May

06/29/2017 - 19:20:00 (RTTNews)

(RTTNews) - Industrial production in South Korea added a seasonally adjusted 0.2 percent on month in May, Statistics Korea said in Friday's preliminary reading.

That follows the 2.2 percent contraction in April.

On a yearly basis, industrial production added just 0.1 percent after rising an upwardly revised 1.8 percent in the previous month (originally 1.7 percent).

The index pf all industry production fell 0.3 percent on month but gained 2.4 percent on year.

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