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Financial News: South Korea Industrial Production Sinks 1.3% In January

South Korea Industrial Production Sinks 1.3% In January

02/27/2020 - 18:51:00 (RTTNews)

(RTTNews) - Industrial output in South Korea was down a seasonally adjusted 1.3 percent on month in January, Statistics Korea said on Friday.

That followed the 3.7 percent jump in December.

On a yearly basis, industrial production dropped 2.4 percent following the 6.2 percent spike in the previous month.

The index of all industry production was up 0.1 percent on month in January and down 0.5 percent on year.

The Manufacturing Production Index in January shed 1.2 percent on month and 2.2 percent on year, while the Manufacturing Shipment Index dropped 3.5 percent on month and 6.4 percent on year. The Manufacturing Inventory Index climbed 4.1 percent on month and 3.6 percent on year.

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