South Korea's April factory output unexpectedly declines 0.9% m/m
Employees work at a bio plant factory of Hanmi Pharm in Pyeongtaek, South Korea, July 1, 2021. Picture taken July 1, 2021. REUTERS/Heo Ran/File Photo
SEOUL :South Korea's factory output unexpectedly declined in April, depressed by a drop in electricity and gas output, government data showed on Friday.
Industrial production fell 0.9 per cent in April from a month earlier on a seasonally adjusted basis, underperforming expectations for a 0.5 per cent gain tipped in a Reuters poll.
From a year earlier, factory output increased 4.9 per cent.
Source: Reuters
