In December, industrial production expanded 9.8% over the same month the previous year, coming in below the 10.7% increase recorded in November, but matching market analyst expectations. At a sector level, manufacturing, which accounts for the bulk of industrial output, increased 9.9% annually (November: +10.9% yoy) while electricity and gas supply added 7.6% (November: +8.0%yoy). In contrast, mining suffered a strong contraction, falling 11.1% (November: +4.3% yoy). A month-on-month comparison confirmed the positive growth seen in annual figures, as industrial production rose a seasonally adjusted 2.83% over the previous month, which was above the 1.55% increase recorded in November. In the full year 2010, industrial production expanded 16.6%, marking a strong recovery from the 0.8% contraction recorded in 2009.
Industrial production moderates but remains robust in December
January 31, 2011
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Korea Economic News
October 25, 2016
The Korean economy slowed down in the third quarter of this year, expanding at the weakest pace in over a year.
October 13, 2016
At its 13 October monetary policy meeting, the Bank of Korea (BoK) announced that it will hold the base rate constant at a record low of 1.25%, which was largely in line with market expectations.
October 5, 2016
In September, consumer prices rose 0.6% over the previous month, which contrasted the 0.1% decrease in August and overshot the 0.2% increase the markets had expected.
October 3, 2016
Korea’s Customs Services reported that exports totaled USD 40.9 billion in September, which represented a 5.9% contraction over the USD 43.4 billion recorded in the same month last year.
September 30, 2016
Activity in Korea’s manufacturing sector deteriorated significantly in Q3.