South Korea's industrial output grew at the fastest pace for nine months in August on robust car and mobile phone production, state data showed Monday.
Production in the mining, manufacturing, gas and electricity industries rose 1.8 percent from a month ago, following a revised 0.3 percent fall in July, according to Statistics Korea. It was the fastest expansion since the 2.1 percent growth posted in November last year.
Compared to a year ago, the August output rose 3.3 percent -- the highest on-year gain since January. Production of cars as well as televisions and mobile phones -- the country's key exports -- climbed 18.9 percent and 11.1 percent respectively from July.
Asia's fourth-largest economy has shown signs of a moderate revival, posting its strongest on-quarter growth for two years at 1.1 percent in the April-June period. The central bank expects the economy to grow 2.8 percent this year after expanding 2.0 percent in 2012 -- the slowest in three years.
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