SEOUL : South Korea's factory production unexpectedly jumped in May, led by cars and chips, official data showed on Friday, while retail sales also rose last month in an encouraging sign for a slowly recovering economy.The industrial output index rose 3.2 per cent in May on a seasonally-adjusted monthly b
SEOUL : South Korea's factory production unexpectedly jumped in May, led by cars and chips, official data showed on Friday, while retail sales also rose last month in an encouraging sign for a slowly recovering economy.
Factory output fell 7.3 per cent on an annual basis, which was also milder than a 9.0 per cent decline in April and 8.4 per cent drop expected by economists. Factory output will rebound in the second quarter after four straight quarters of losses, as exports bottom out, the ministry said.
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South Korea May factory output unexpectedly jumps, led by cars and chipsSEOUL :South Korea's factory production unexpectedly jumped in May, led by cars and chips, official data showed on Friday, while retail sales also rose last month in an encouraging sign for a slowly recovering economy.The industrial output index rose 3.2 per cent in May on a seasonally-adjusted monthly basis,
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