South Korea industrial output grows

09/30/2013 | Reuters

South Korea's industrial output recovered in August from a 0.3% decline in July, adding 1.8% for the strongest gain in nine months. The figure easily topped economists' forecasts for a 0.5% gain. "Overall, the economy is gradually turning around in the second half. The output data shows an improvement in average utilization rate, retail sales and capital investment," said Kim Jong-soo, an economist with NH Investment.

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