Stock Groups

S.Korea Nov factory output jumps, beats expectations -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – A factory can be seen in Incheon (South Korea), May 30, 2016. REUTERS/Kim Hong-Ji

SEOUL (Reuters – South Korea’s November factory output far exceeded expectations based on high export orders for chips and cars, according to government data.

The seasonally adjusted industrial production increased last month by 5.1% compared to October. That beats a median 2.5% increase as the car industry soared 11.3%.

Output grew 5.9% annually, surpassing the forecast of 3.2%.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]