South Korea Industrial Production Mom

Industrial production in South Korea jumped by 3.1% month-on-month in February 2024, following an upwardly revised 1.5% decline in the previous month. The February figure marked the biggest monthly increase since October, beating market expectations for a 0.5% rise. On an annual basis, industrial production growth came at 4.8% in February, slowing from a 12.9% jump in January and falling short of market expectations of a 5.8% rise.