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S.Korea Feb factory output rises most in six months, retail sales drop

Published 03/28/2024, 07:07 PM
Updated 03/28/2024, 07:10 PM
© Reuters. FILE PHOTO: A Hanwha Aerospace engineer works on a KAAV (Korean Amphibious Assault Vehicle) at Hanwha Aerospace factory in Changwon, South Korea, March 16, 2023.   REUTERS/Kim Hong-Ji/File photo

SEOUL (Reuters) - South Korea's factory production rose in February by the fastest pace in six months, while retail sales dropped, official data showed on Friday.

The industrial output index rose 3.1% in February on a seasonally adjusted monthly basis, after a fall of 1.5% in January, according to Statistics Korea.

That was faster than a gain of 0.5% tipped in a Reuters survey of economists and the fastest monthly rise since August.

Retail sales fell 3.1%, after a rise of 1.0% in the previous month, marking the biggest drop since July.

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