{"id":27099,"date":"2023-04-28T00:57:11","date_gmt":"2023-04-28T00:57:11","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/south-korea-march-factory\/"},"modified":"2023-04-28T00:59:01","modified_gmt":"2023-04-28T00:59:01","slug":"south-korea-march-factory","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/south-korea-march-factory\/","title":{"rendered":"South Korea March factory output jumps by most in nearly three years"},"content":{"rendered":"

SEOUL (Reuters) – South Korea’s factory output jumped in March by the fastest rate in nearly three years and beat economists’ expectations, official data showed on Friday.<\/p>\n

The country’s industrial output grew 5.1% in March from a month before, on a seasonally adjusted basis, after a 2.7% fall in February. It was the fastest monthly rise since June 2020.<\/p>\n

It beat the median forecast of 0.5% growth tipped in a Reuters survey and even topped the economists’ highest estimate, which was 4.5%. <\/p>\n

Semiconductor and automobile production jumped by 35.1% and 6.5%, respectively, which together hold a 30% weighting in the overall industrial output index. <\/p>\n

Output shrank 7.6% from the same month a year earlier, according to Statistics Korea, which was also milder than 8.0% in the previous month and 10.1% expected by economists. <\/p>\n

The data came after first-quarter gross domestic product figures released earlier this week, which showed the South Korean economy barely averted a recession by posting slim growth.<\/p>\n

\n

(Reporting by Jihoon Lee; Editing by Christopher Cushing and Sonali Paul)<\/p>\n

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SEOUL (Reuters) – South Korea’s factory output jumped in March by the fastest rate in nearly three years and beat economists’ expectations, official data showed on Friday. The country’s industrial output grew 5.1% in March from a month before, on a seasonally adjusted basis, after a 2.7% fall in February. It was the fastest monthly […]<\/p>\n","protected":false},"author":8,"featured_media":27100,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-27099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3Q12F-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=27099"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27099\/revisions"}],"predecessor-version":[{"id":27101,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27099\/revisions\/27101"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/27100"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=27099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=27099"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=27099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}