South Korea's April factory output unexpectedly declines 0.9% m/m
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Employees work at a bio plant factory of Hanmi Pharm in Pyeongtaek, South Korea, July 1, 2021. Picture taken July 1, 2021. REUTERS/Heo Ran/File Photo
SEOUL (Reuters) -South Korea's factory output unexpectedly declined in April, depressed by a drop in electricity and gas output, government data showed on Friday.
Industrial production fell 0.9% in April from a month earlier on a seasonally adjusted basis, underperforming expectations for a 0.5% gain tipped in a Reuters poll.
From a year earlier, factory output increased 4.9%.
(Reporting by Cynthia KimEditing by Ed Davies)
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