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Industrial Output Unexpectedly Falls in South Korea

“South Korea’s industrial production unexpectedly fell in February, signaling that a recovery in Asia’s fourth-largest economy may be slower than expected as a weaker yen threatens exports.

Output fell 0.8 percent last month from January when it fell 1.2 percent, Statistics Korea said today. The median estimate of 10 economists in a Bloomberg News survey was for a 0.3 percent gain. Production fell 9.3 percent from a year earlier, a decline partly attributable to February having fewer working days this year because of the Lunar New Year holiday….”

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