South Korea's Factory Output Jumps in August on Surge in Chip Production
- Chip production boosted South Korea's factory output in August.
- Industrial production jumped 5.5% month-over-month, the fastest gain since June 2020.
- Semiconductor output rose 13.4% and machinery production increased 9.7%.
- Finance ministry says data suggests manufacturing and export-led recovery in Q3.
- Annual factory output decline moderated to 0.5% from 8.1% in July.