Korea: Economic activity slows in March
Latest reading: Economic activity was up 0.3% in seasonally adjusted month-on-month terms in March, following a 2.1% increase in the previous month.
Relative to the previous month’s figures, readings in March softened for industry (+0.3% in seasonally adjusted month-on-month terms vs +5.3% in February) and construction (-7.3% vs +13.0% in February). In contrast, the reading for services improved in March (+1.4% vs +0.3% in February).
In annual terms, economic activity increased 2.6% in March, following a 3.0% increase in the prior month.