FX.co ★ South Korea's Service Sector Output Surges by 4.4% in February

In February 2024, South Korea experienced a significant surge in its service sector output by 4.4%, marking a substantial improvement from the previous month's decline of 1.3% in January 2024. This positive change signals promising growth and expansion in the country's service industry. The data was updated on 28 March 2024, revealing the month-over-month comparison of the substantial increase in the service sector output. This boost in the service sector could have a positive impact on the overall economic performance of South Korea, indicating potential improvements in various economic indicators. Keep an eye on how this growth trend continues in the upcoming months to gauge the country's economic trajectory.