South Korea's factory activity returned to growth in December, snapping sev...
SEOUL - South Korea’s factory activity returned to growth in December, snapping seven straight months of contraction, helped by improving demand, especially from abroad, a private business survey showed on Thursday.
Manufacturing output expanded for the first time in 14 months, helped by new product launches and general boost in demand conditions, the survey showed. Total new orders, which snapped a 13th month of contraction, rose to 50.7, on stronger overall demand and penetration into new overseas markets. “Sustained growth in exports will be key to ensuring that South Korea’s manufacturing sector can positively contribute to overall economic output,” Hayes added.
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