South Korea Jan factory output rises 2.9% mth/mth

Kitco Media
By Reuters
Published:
Updated:
Reuters
SEOUL, March 2 (Reuters) - South Korea's factory output unexpectedly rose in January from a month earlier, official data showed on Thursday, but fell more than expected on an annual basis. The country's factory production rose 2.9% on a seasonally adjusted monthly basis, according to Statistics Korea, compared with a 3.1% loss in the previous month and no change expected in a Reuters poll. It dropped 12.7% from the same month a year earlier, after falling 10.5% in December. It was worse than the 8.9% expected in the survey. (Reporting by Jihoon Lee Editing by Chris Reese)

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