Korea: Economic activity speeds up in December
Latest reading: Economic activity increased 1.5% on a seasonally adjusted month-on-month basis in December, following a 0.9% rise in the prior month.
Relative to the prior month’s data, readings in December improved for services (+1.1% in seasonally adjusted month-on-month terms vs +0.5% in November), industrial (+1.7% vs +0.8% in November) and construction (+12.1% vs +6.7% in November).
On a year-on-year basis, economic activity rose 1.0% in December, following a 1.2% increase in the previous month.