SEOUL, Jan 31 (Reuters) - South Korea's industrial
output fell in December more sharply than expected and logged
its worst annual performance in over 2-1/2 years, government
data showed on Tuesday.
The country's factory output fell 2.9% in December from a
month earlier, on a seasonally adjusted basis, compared with a
0.6% gain in November and a 0.2% fall tipped in a Reuters
survey, according to Statistics Korea.
The output dropped 7.3% from a year earlier, faster than
3.4% in the preceding month and economists' expectations for
5.1%. It was the fastest since May 2020.
The data comes after the central bank's advance estimates
for fourth-quarter gross domestic product last Thursday, which
showed the first contraction in 2-1/2 years and included the
December performance.
(Reporting by Jihoon Lee; editing by Jonathan Oatis)
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