South Korea’s Factory Production Sees Largest Increase in Six Months for February, While Retail Sales Decline

South Korea

South Korea’s Factory Production Sees Largest Increase in Six Months for February, While Retail Sales Decline

South Korea

BollywoodFever, March 28: In February, South Korea experienced its quickest factory output growth in six months, alongside a decline in retail sales, as revealed by official statistics on Friday. 

The seasonally adjusted industrial output index increased by 3.1% for the month, recovering from a 1.5% decrease in January, per Statistics Korea’s data

This growth exceeded the 0.5% rise forecasted by economists in a Reuters poll and marked the most rapid monthly increase since August. Conversely, retail sales saw a 3.1% decrease following a 1.0% increase in the prior month, representing the most significant drop since July.

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