South Korea factory output inches up at the fastest annual rate in four years

South Korea factory output inches up at the fastest annual rate in four years

South Korea's September factory output managed to ascend from September. It demonstrated the fastest annual leap for four years. That’s what Statistics Korea unveiled on Tuesday.

Factory output surpassed a 4.7% estimate and grew 8.4% from 2016 on what a Statistics Korea official told was a base-year effect.

As a matter of fact, output only ascended a seasonally adjusted 0.1% from August, which is far below the 2.4% observed in a Reuters survey.

The "super-cycle" in memory chips has appeared to be a particular miracle for the South Korean economy specializing in hi-tech exports.  The country’s GDP rallied over the July-September period, demonstrating the fastest rate for seven years.

The chip boom actually assisted Samsung Electronics in booking a record operating revenue in the third quarter because tight supply as well as strong demand for semi-conductors powered revenue.

Similar

British inflation edges up 2.4%

In June, inflation in Great Britain tacked on at a slower than anticipated tempo, thus contributing to the major bank’s dilemma as it considers whether to have interest rates lifted next month or not…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera