SEOUL -South Korea's factory production unexpectedly jumped in May, led by cars and chips, official data showed on Friday, while retail sales also rose last month in an encouraging sign for a slowly recovering economy. The industrial output index rose 3.2 percent in May on a seasonally-adjusted monthly basis, the Statistics Korea data showed, compared with losses of 0.6 percent in April and 0.8 percent tipped in a Reuters survey. The gain also topped the highest estimate of a 2.8-percent rise in the poll.

https://business.inquirer.net/407811/south-korea-may-factory-output-unexpectedly-jumps-led-by-cars-and-chips

#inquirer