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Financial News: South Korea Industrial Production Climbs 2.9% In January

South Korea Industrial Production Climbs 2.9% In January

03/01/2023 - 19:20:00 (RTTNews)

(RTTNews) - Industrial output in South Korea was up a seasonally adjusted 2.9 percent on month in January, Statistics Korea said on Thursday.

That exceeded expectations for a decline of 0.4 percent following the downwardly revised 3.1 percent contraction in December (originally -2.9 percent).

On a yearly basis, industrial production tumbled 12.7 percent - again missing forecasts for a contraction of 8.9 percent following the downwardly revised 10.5 percent fall in the previous month (originally -7.3 percent).

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