SEOUL, Dec 30 (Reuters) – South Korea’s factory output in November far outperformed expectations on strong exports orders for cars and chips, government data showed on Thursday.
Industrial production last month increased by a seasonally adjusted 5.1% from October, beating a median 2.5% gain tipped in a Reuters survey as car output soared 11.3%. read more
On an annual basis, output jumped 5.9%, also outperforming a 3.2% growth forecast in the poll.
Register now for FREE unlimited access to Reuters.com
Register
Reporting by Cynthia Kim
Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles.
