Korea: Industrial activity dips in October
November 30, 2020
Industrial output fell 2.2% year-on-year in October, after an 8.1% surge in September. The downtick was mainly led by lower manufacturing output.
On a seasonally-adjusted monthly basis, industrial production dropped 1.2%, which marked the worst result since May. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at plus 0.8% in October, down from September's 0.9% reading.