SEOUL : South Korea’s factory output unexpectedly fell in September on weaker chip production, government data showed on Thursday.
The industrial output index fell 0.2 per cent over the month on a seasonally adjusted basis, according to Statistics Korea, after a rise of 4.4 per cent in the prior month, which was the fastest in a year.
The fall came against the median forecast of a 1.2 per cent rise in a Reuters poll of economists.
Production of semiconductors fell 2.6 per cent.
The index fell 1.3 per cent on a year-on-year basis, compared with gains of 3.8 per cent the month before and 0.8 per cent expected by economists. It was the first annual decline since July 2023.