Today news
About the same in other media
South Korea factory output unexpectedly jumps in August
Reading now: 601
SEOUL (Reuters) — South Korea's factory output unexpectedly jumped in August by the fastest rate in more than three years, official data showed on Wednesday.
The industrial output index rose 5.5% in August from the previous month on a seasonally adjusted basis, after a 2.0% fall in July, according to Statistics Korea.
That contrasts with a median 0.2% fall forecast in a Reuters survey and marks the fastest monthly gain since June 2020.
On an annual basis, output was 0.5% lower, much milder than the previous month's 8.1% drop and a forecast for a 6.2% loss.
Read more on investing.comAbout this in other media
Tax Report Unveils Hundreds of South Korean Crypto Whales cryptonews.com /6 months ago
South Korean exchange Upbit gets initial license nod from Singapore cointelegraph.com /6 months ago
South Korea to fine two Hong Kong banks for naked short-selling investing.com /7 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
