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Financial News: South Korea Industrial Output Jumps 5.1% In November

South Korea Industrial Output Jumps 5.1% In November

12/29/2021 - 18:16:00 (RTTNews)

(RTTNews) - Industrial production in South Korea climbed a seasonally adjusted 5.1 percent on month in November, Statistics Korea said on Thursday.

That easily beat expectations for an increase or 2.5 percent following the upwardly revised 2.9 percent contraction in October (originally -3.0 percent).

On a yearly basis, industrial production advanced 5.9 percent - again exceeding forecasts for 3.2 percent and accelerating from 4.5 percent in the previous month.

The index of all industry production was up 3/2 percent on month and 5.3 percent on year in November.

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