South Korea February factory output rises faster than expected
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FILE PHOTO: A factory is seen in Incheon, South Korea, May 30, 2016. REUTERS/Kim Hong-Ji/File Photo
SEOUL (Reuters) - South Korea's factory output rose in February, government data showed on Monday, beating market expectations.
Industrial production rose 1.0% in February from a month earlier on a seasonally adjusted basis, compared with a dip of 2.8% in January and an increase of 0.8% tipped in a Reuters poll.
On a year-on-year basis, output jumped 7.0%, faster than a 2.0% rise forecast by economists, after falling 4.7% in the previous month.
(Reporting by Jihoon Lee; Editing by Kim COghill)
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