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South Korea industrial output inches up 0.1% in January

Published on Feb 28, 2014 9:11 AM

SEOUL (AFP) - South Korea's industrial output expanded for the fourth straight month in January, despite reduced working days caused by the Chinese New Year holiday, government data showed on Friday.

Total production in the mining, manufacturing, gas and electricity industries in Asia's fourth-largest economy inched up 0.1 per cent from December, Statistics Korea said.

The growth rate was down from an unusually high 2.4 per cent on-month expansion in December.

Compared with a year earlier, January's output shrank 3.8 per cent. Because of the Chinese New Year holidays, January had 22 working days this year, compared to 24 days in 2013.

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