Korea: Economic activity rebounds in November
Latest reading: Economic activity rose 0.9% on a seasonally adjusted month-on-month basis in November, following a 2.7% fall in the previous month.
Relative to the previous month’s figures, readings in November improved for services (+0.7% in seasonally adjusted month-on-month terms vs -0.7% in October), industrial (+0.6% vs -4.2% in October) and construction (+6.6% vs -21.1% in October).
On a year-on-year basis, economic activity increased 1.2% in November, following a 1.0% decline in the prior month.