Statistics Korea released a report on Wednesday indicating that industrial production in South Korea recorded a seasonally adjusted increase of 0.6% in December. This increase surpassed the predicted growth of 0.5%, which was an upward adjustment from November's original estimation of 3.3% to 3.6%.
Year-on-year, industrial production recorded a significant 6.2% increase, beating the projected gain of 6.0%. This follows the revised 5.5% growth in the previous month, which was originally reported as 5.3%.
However, the report showed a downturn in retail sales for December, which witnessed a seasonally adjusted decline of 0.8%. This slump failed to meet the forecasted 0.6% decline, a downward adjustment from the 1.0% increase which was initially reported for November, later revised to 0.9%.
