Industrial production in South Korea was up 2.5 percent on month in May, Statistics Korea said on Thursday.

That beat forecasts for a flat reading following the 0.8 percent decline in April.

On a yearly basis, industrial production climbed 4.3 percent – topping expectations for a fall of 1.0 percent following the 0.8 percent increase in the previous month.

The all-industry activity index was up 1.7 percent on month and 4.8 percent on year.

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