South Korea factory output grows at fastest annual rate in four years


By Cynthia KimSEOUL (Reuters) - South Korea's September factory output barely grew from a month earlier but nonetheless notched the fastest annual jump in more than four years, Statistics Korea said on Tuesday. Factory output blew past a 4.7 percent forecast and soared 8.4 percent from a year earlier on what a Statistics Korea official said was a base-year effect.

Output only rose a seasonally adjusted 0.1 percent from August, far below the 2.4 percent seen in a Reuters poll."September being a holiday-shortened month in 2016 is the main reason.

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