South Korea industrial output shrinks for third month

South Korea’s industrial output in March contracted on monthly terms for a third consecutive month, government data showed on Tuesday, severely undershooting expectations and underscoring weak momentum in the trade-dependent economy.

Industrial output fell by a seasonally adjusted 2.6 per cent in March from the previous month, following a revised 0.9 per cent fall in February, Statistics Korea said in a statement. The revised February reading was also slightly worse than a provisional 0.8 per cent fall reported in late March.

via Business feed http://www.scmp.com/business/economy/article/1226557/south-korea-industrial-output-shrinks-third-month