Tag - Industrial output picks up in February

Industrial output picks up in February

Korea’s industrial output swung back to growth in February on a strong rise in chips and mobile gadgets, data shows. According to Statistic Korea, production increased 0.8 percent from a month earlier, compared to a 1.5 percent contraction in January. From a year ago, the output grew 2.4 percent. The mining and manufacturing sector led the increase, logging an output growth of 3.3 percent, the highest on-month gain since September 2009. Compared to the corresponding month in 2015, the output was [...]