Korea: Industrial output notches quickest growth since February in September
October 30, 2020
Industrial production increased 8.0% year-on-year in September (August: -2.6% yoy). The figure marked the strongest expansion since February. The rebound was driven by a surge in production from the manufacturing subsector.
On a seasonally-adjusted monthly basis, industrial output rebounded strongly, rising 5.4% in September (August: -0.3% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 0.9% in September, up from August's 0.4% reading.