South Korean September Factory Output Falls On Month
(RTTNews) - South Korea’s factory output decreased 0.6% month-on-month in September after adjusting for seasonal variations, the National Statistical Office said Friday. That was quicker than the expected fall of 0.4%. However, the September fall was slower than a 2.2% decrease recorded in August.
Industrial production was up 6.1% year-on-year, notably quicker than the 1.9% rise seen in August and 4.7% growth predicted.
Further, the statistical office said services output rose 0.2% month-on-month in September, reversing a 1.2% fall marked in August. Compared to the previous year, services output was up 3% versus 1.5% rise in the prior month.
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