South Korea’s latest data showed a mixed picture for August.
- Industrial production was flat on the month, halting a two-month run of gains,
- while retail sales fell 2.4% after two months of increases, according to Statistics Korea.
- Facility investment also slipped 1.1% in August.
On an annual basis, industrial output grew 0.9% year-on-year, below expectations of 1.3% and well down from July’s 5.0%.
- In contrast, monthly industrial output rose 2.4% against forecasts for a 0.4% rise, following July’s 0.3% gain.
- Service sector output declined 0.7% after a 0.2% increase in July.
