South Korea industrial production rebounds in November, higher than market consensus

Industrial production in South Korea rebounded during the month of November, higher than what markets had initially anticipated.

Industrial output in South Korea climbed 3.4 percent on month in November, data released by Statistics Korea showed Thursday. That followed the 1.7 percent contraction in October.

On a yearly basis, industrial production perked 4.6 percent after sliding 1.6 percent in the previous month. The index of all industry production in November gained 1.6 percent on month and 4.6 percent on year. Also, the Manufacturing Production Index climbed 3.4 percent on month and 5.0 percent on year.

The Producer's Shipment Index added 2.4 percent on month and 3.7 percent on year in November. The Producer's Inventory Index fell 1.1 percent on month and 6.4 percent on year. The Production Capacity Index was flat on month and up 0.8 percent on year.

Further, the Index of Capacity Utilization Rate gained 4.2 percent on month and 2.4 percent on year. The Manufacturing Average Capacity Utilization Rate was 73.5 percent, up 3.0 percentage points from the previous month.

Meanwhile, the USD/KRW traded at 1,207.91, down -0.33 percent at 6:10GMT.