Korea: Economic activity returns to growth in February
Latest reading: Economic activity increased 2.5% in seasonally adjusted month-on-month terms in February, following a 0.9% fall in the prior month. February’s reading was the strongest since June 2020.
Relative to the previous month’s data, readings in February improved for services (+0.5% on a seasonally adjusted month-on-month basis vs -0.2% in January), industrial (+5.4% vs -2.4% in January) and construction (+19.5% vs -7.8% in January).
On a year-on-year basis, economic activity rose 3.3% in February, following a 1.2% rise in the prior month.