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Financial News: South Korea Industrial Output Climbs 1.3% In March

South Korea Industrial Output Climbs 1.3% In March

04/28/2022 - 19:09:00 (RTTNews)

(RTTNews) - Industrial production in South Korea was up a seasonally adjusted 1.3 percent on month in March, Statistics Korea said on Friday.

That exceeded expectations for a decline of 0.2 percent following the downwardly revised 0.3 percent increase in February.

On a yearly basis, industrial production climbed 3.7 percent - missing forecasts for an increase of 4.0 percent following the downwardly revised 6.3 percent increase in the previous month (originally 6.4 percent).

The index of all-industry production was up 1.5 percent on month and 3.1 percent on year.

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