South Korea Industrial Production Sinks 3.8% In February

Industrial production in South Korea was down a seasonally adjusted 3.8 percent on month in February, Statistics Korea said on Tuesday – following the 1.3 percent decline in January.

On a yearly basis, industrial production jumped 11.4 percent after sliding 2.6 percent in the previous month.

The index of all industry production sank 3.5 percent on month and gained 4.9 percent on year following the flat monthly reading and the 0.6 percent drop a month earlier.

The Manufacturing Production Index in February decreased by 4.1 percent from the previous month but increased by 12.0 percent from the same period of the previous year.

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