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Financial News: South Korea Industrial Production Sinks 1.4% In December

South Korea Industrial Production Sinks 1.4% In December

01/30/2019 - 19:20:00 (RTTNews)

(RTTNews) - Industrial output in South Korea was down a seasonally adjusted 1.4 percent on month in December, Statistics Korea said on Thursday - following the 1.6 percent monthly drop in November.

On a yearly basis, industrial production climbed 1.6 percent - accelerating from 1.1 percent in the previous month.

For the fourth quarter of 2018, industrial production slid 0.8 percent on quarter and gained 4.7 percent on year.

The index of all industry production was down 0.6 percent on month and up 0.3 percent on year in December; for the fourth quarter, the index dipped 0.3 percent on quarter and added 2.6 percent on year.

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