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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessSouth Korea IP Beats On Chip Rebound
South Korea's September IP growth was stronger than expected at 1.8% m/m, versus -1.0% forecast (prior was revised down a touch to 5.2%). The y/y print rose to 3.0% (forecast at -0.8% and prior -0.7%). Y/Y momentum is now the highest since mid 2022 and suggests the recovery in the sector continues to take hold.
- Looking at the detail, we had a 12.9% m/m rise in chip production. This follows a strong gain in August. Other data showed retail sales rising in the month (the first gain in 3 months), while facilities investment rose 8.7% after a 4% gain in August.
- The cyclical leading index change rose 0.1 in Sep versus flat in August.
- Note we get October trade figures tomorrow.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.