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Asian Markets

S.Korea Feb factory output rises most in six months, retail sales drop

March 28th, 2024 | 23:07 PM MARKETS Asian Markets 1

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Australia central banker says rate risks are skewed higher
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Israel economy shrank 3.8% in first quarter amid Iran war
By Reuters

South Korea's factory production rose in February by the fastest pace in six months, while retail sales dropped, official data showed on Friday.

The industrial output index rose 3.1% in February on a seasonally adjusted monthly basis, after a fall of 1.5% in January, according to Statistics Korea.

That was faster than a gain of 0.5% tipped in a Reuters survey of economists and the fastest monthly rise since August.

Retail sales fell 3.1%, after a rise of 1.0% in the previous month, marking the biggest drop since July.

  • Topic
  • SOUTHKOREA
  • ECONOMY/INDUSTRIALOUTPUT (URGENT)
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