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Financial News: South Korea Industrial Production Falls More Than Expected

South Korea Industrial Production Falls More Than Expected

04/30/2018 - 00:05:00 (RTTNews)

(RTTNews) - South Korea's industrial production decreased at a a faster-than-expected pace in March, preliminary data from Statistics South Korea showed Monday.

Industrial production fell 4.3 percent year-over-year in March, slower than the 6.8 percent decline in February. Economists had expected a 1.6 percent drop for the month.

Manufacturing production contracted 4.7 percent annually in March and construction output dipped by 6.3 percent.

On a monthly basis, industrial production slid 2.5 percent from February, when it rose by 0.8 percent.

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