Industrial production rose by a seasonally adjusted 7.2% in June from a month earlier, according to Statistics Korea, logging the fastest growth since February 2009, and largely beating the median forecast of a 2.1% rise. (File pic: S. Korea steel production)
SEOUL (Reuters) - South Korea's factory output in June jumped at the sharpest pace in more than 11 years and much faster than expected, data showed on Friday, signalling hopes of a recovery in the coronavirus-struck economy.
Industrial production rose by a seasonally adjusted 7.2% in June from a month earlier, according to Statistics Korea, logging the fastest growth since February 2009, and largely beating the median forecast of a 2.1% rise.
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