South Korea March industrial output +4.6% m/m (expected -1.3%)

Earlier data from SK: South Korean business confidence index has fallen to its worst ever

More data now (for March):

March industrial output s/adj +4.6% mth/mth

• +7.1% yr/yr (Reuters poll -1.9%)

Service sector output s/adj -4.4% mth/mth

March retail sales s/adj -1.0% mth/mth

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The data earlier from South Korea was poor indeed, this set not so bad.