#South_Korea’s #factory output fell in March by the most in 15 months, government data showed on Tuesday, missing #market expectations.
The #industrial production index fell 3.2% from a month earlier on a seasonally adjusted basis, after a gain of 2.9% in February and compared with a rise of 0.6% tipped in a #Reuters_survey of #economists.
It was the fastest monthly fall since December 2022 and caused by declines in metal processing and electronic parts, according to Statistics Korea.
On an annual basis, production rose 0.7%, slower than the previous month’s 4.6% rise and an increase of 5.4% expected by economists.
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