Overview
- Industrial production rose month over month in November, with Reuters citing a seasonally adjusted 0.6% gain versus a 2.2% rise expected by economists.
- Yonhap reported overall industrial output up 0.9% on the month, driven by a 7.5% surge in semiconductor production.
- From a year earlier, output fell 1.4%, improving from an 8.2% drop in October but short of the 3.0% increase economists projected.
- Retail sales declined 3.3% on the month, the sharpest drop in 21 months, underscoring weak private consumption.
- Facility investment increased 1.5%, led by higher spending on machinery, while investment in transportation equipment fell.