S.Korea Feb factory output rises most in six months, retail sales drop
Reuters
Published Mar 28, 2024 07:07PM ET
SEOUL (Reuters) - South Korea's factory production rose in February by the fastest pace in six months, while retail sales dropped, official data showed on Friday.
The industrial output index rose 3.1% in February on a seasonally adjusted monthly basis, after a fall of 1.5% in January, according to Statistics Korea.
That was faster than a gain of 0.5% tipped in a Reuters survey of economists and the fastest monthly rise since August.
Retail sales fell 3.1%, after a rise of 1.0% in the previous month, marking the biggest drop since July.
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Written By: Reuters
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