South Korea June factory output falls more than expected

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South Korea June factory output falls more than expected
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South Korea’s factory production fell more than expected in June, official data showed on Friday, as automobile and petroleum production dropped. | Reuters

Production of semiconductors rose 3.6 percent over the month, but automobiles declined 12.9 percent and oil refining dropped 14.6 percent.

The index fell 5.6 percent over a year earlier, which was milder than the 7.6 percent drop the previous month, while economists had expected a 5.5- percent fall.Subscribe to our daily newsletter

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