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South Korea Industrial Production Sinks 1.6% In January

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South Korea Industrial Production Sinks 1.6% In January

Industrial production was down a seasonally adjusted 1.6 percent on month in January, Statistics Korea said on Tuesday.

That missed forecasts for an increase of 1.0 percent following the downwardly revised 2.7 percent increase in December (originally 3.7 percent).

On a yearly basis, industrial production jumped 7.5 percent – beating expectations for an increase of 5.3 percent following the downwardly revised 2.5 percent gain in the previous month (originally 3.4 percent).

The index of all industry production was down 0.6 percent on month in January and up 1.4 percent on year.

The material has been provided by InstaForex Company – www.instaforex.com