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South Korea Industrial Output Surprises To The Upside
(RTTNews) - Industrial production in South Korea was up a seasonally adjusted 3.3 percent on month in November, Statistics Korea said on Thursday.
That exceeded expectations for an increase of 1.0 percent following the 3.5 percent contraction in October.
On an annual basis, industrial output jumped 5.3 percent - again beating forecasts for a gain of 3.0 percent and accelerating from 1.1 percent in the previous month.
The stats bureau also said that retail sales rose a seasonally adjusted 1.0 percent on month in November after slipping 0.8 percent in October.
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