Korea: Industrial activity dips in August
Industrial output dropped 3.0% in year-on-year terms in August, which followed July’s 2.4% decrease. The deterioration was broad based, with lower manufacturing output contributing significantly.
On a monthly basis, industrial output declined 0.7% in seasonally-adjusted terms in August, contrasting July’s 1.9% expansion.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at plus 0.3%, down from July’s 0.4% reading.