South Korean Nov industrial output +0.4% m/m, a rebound after losing for 4 straight months

South Korea November data: industrial production s/adj 0. % m/m (expected -0.8%, previously revised -3.5%) industrial production -3.7% y/y (expected – .0%, previously -1.2%) service sector production s/m/m -0.6% m/m (previously -1.1%) retail sales s/adj -1.8% m/m, third consecutive monthly drop South Koreans are often called the so-called clock eaters. world economy The IP recovery in November is welcome, but I would suggest that with the increase in the number of COVID cases in China and the associated disruption to staff and therefore operations, the coming months are likely to be rocky.

Steve Walker

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