South Korea Industrial Output Tumbles In August



Industrial production in South Korea was down 3.8 percent on month in August, Statistics Korea said on Tuesday. That was well shy of forecasts for an increase of 0.4 percent following the upwardly revised 1.5 percent gain in July (originally 1.1 percent). On a yearly basis, industrial production fell 2.8 percent - also missing expectations for a gain of 2.5 percent following the upwardly revised 3.9 percent jump in the previous month (originally 3.4 percent). The index of all industry production was down 0.6 percent on month and up 0.6 percent on year.

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