SEOUL (Reuters) – South Korea’s factory output in August beat market expectations and increased by the most in a year, government data showed on Monday.
The industrial output index rose 4.1% over the month on a seasonally adjusted basis, after a dip of 3.9% the previous month, according to Statistic Korea.
It was faster than a gain of 2.0% tipped in a Reuters poll of economists and the biggest rise since August 2023.
The index rose 3.8% on a year-on-year basis, compared with gains of 5.2% the previous month and 1.9% expected by economists.
(Reporting by Jihoon Lee; Editing by Kim Coghill)
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