- POSTED: 30 Sep 2013 09:46
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South Korea's industrial output grew at the fastest pace for nine months in August on robust car and mobile phone production, state data showed Monday.
SEOUL: South Korea's industrial output grew at the fastest pace for nine months in August on robust car and mobile phone production, state data showed Monday.
Production in the mining, manufacturing, gas and electricity industries rose 1.8 per cent from a month ago, following a revised 0.3 per cent fall in July, according to Statistics Korea.
It was the fastest expansion since the 2.1 per cent growth posted in November last year.
Compared to a year ago, the August output rose 3.3 per cent -- the highest on-year gain since January.
Production of cars as well as televisions and mobile phones -- the country's key exports -- climbed 18.9 per cent and 11.1 per cent respectively from July.
Asia's fourth-largest economy has shown signs of a moderate revival, posting its strongest on-quarter growth for two years at 1.1 per cent in the April-June period.
The central bank expects the economy to grow 2.8 per cent this year after expanding 2.0 per cent in 2012 -- the slowest in three years.