SEOUL (Reuters) – South Korea’s factory output unexpectedly rose in January from a month earlier, official data showed on Thursday, but fell more than expected on an annual basis.
The country’s factory production rose 2.9% on a seasonally adjusted monthly basis, according to Statistics Korea, compared with a 3.1% loss in the previous month and no change expected in a Reuters poll.
It dropped 12.7% from the same month a year earlier, after falling 10.5% in December. It was worse than the 8.9% expected in the survey.
(Reporting by Jihoon Lee; Editing by Chris Reese)
