South Korea January industrial output and retail sales both decline

South Korea January data.

January industrial output -2.3% m/m

• expected -3.1%, prior +3.9%

and -4.1% y/y

• expected -2.0%, prior +4.4%

Retail Sales -0.6% m/m

• prior +0.2%

Service Sector Output -0.8% m/m

• prior +1.1%

January data was in the aftermath of the brief attempt at a military coup in the country.

Also cited:

• facility investment -14.2%, dragged down by weaker
  imports of machinery for semiconductor production and transport
  equipment.

This article was written by Eamonn Sheridan at www.forexlive.com.