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SOUTH KOREA:  Industrial Production Rebounds Strongly for October. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • South Korea’s industrial production surprised to the upside for October.
  • At +6.3% y/y it was significantly above market expectations of +2.2% y/y.
  • The MoM result was flat with the September figure revised to -0.1%.
  • The BOK surprised markets with a rate cut yesterday citing concerns about the economy making this data release all the more surprising. 
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  • South Korea’s industrial production surprised to the upside for October.
  • At +6.3% y/y it was significantly above market expectations of +2.2% y/y.
  • The MoM result was flat with the September figure revised to -0.1%.
  • The BOK surprised markets with a rate cut yesterday citing concerns about the economy making this data release all the more surprising.