Korea: Industrial output growth gains steam in December
Industrial production increased 3.4% year-on-year in December (November: +0.5% yoy). As a result, industrial production grew 0.5% in annual terms in 2020, following the 0.5% decline in 2019.
On a seasonally-adjusted monthly basis, factory output rose at a faster rate of 3.7% in December (November: +0.3% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at plus 0.5%, down from November’s 0.7% reading.