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3 months ago
S.Korea March industrial output rebounds from Feb, slightly softer than f'cast
April 27, 2017 / 11:07 PM / 3 months ago

S.Korea March industrial output rebounds from Feb, slightly softer than f'cast

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SEOUL, April 28 (Reuters) - South Korea's industrial output rose 1.0 percent in March from February on a seasonally adjusted basis, data showed on Friday, rebounding from a decline in the previous month but slightly softer than expectations.

The median forecast in a Reuters survey of economists was for the industrial output index to rise 2.0 percent in March on a monthly basis.

The February production index was revised slightly up to a 3.3 percent decline from a preliminary 3.4 percent fall reported earlier, which was the sharpest fall since late 2008.

On a year-on-year basis, industrial output rose 3.0 percent in March after a revised 6.7 percent jump in February, and lagged the 3.7 percent gain forecast in the Reuters survey.

The statistics agency data also showed service-sector output rose by a seasonally adjusted 0.4 percent in March on-month after a revised 0.2 percent rise in February. (Reporting by Christine Kim and Cynthia Kim; Editing by Kim Coghill)

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