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South Korea factory output unexpectedly jumps in August
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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.
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