South Korean December data - retail sales up m/m, industrial production down m/m

Data from South Korea for December 2022.

• Industrial output s/adj -2.9% (Reuters poll -0.2%) (prior +0.6%)
• Industrial output -7.3% yr/yr (Reuters poll -5.1%) (prior -3.4%)
• Service sector output s/adj -0.2% m/m (prior -0.3%)
• Retail sales s/adj +1.4% m/m (prior -1.8%)

I posted earlier on the Australian retail sales economic data Economic Data Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Economic data typically comes in the form of news releases that are disseminated daily. This information is extremely valuable to retail and institutional forex traders, given the influence such data has on currency rates.Most of the major economic events that are released are reported by sovereign governments throughout the globe. Moreover, there are several economic data points that are released by private organizations that can also move the market.By and large, when new information becomes a Read this Term to come during the session:

• Australian retail sales data due today - "risk firmly to the downside"

The concern over December retail sales in Australia is that spending was pulled into November by 'Black Friday' sales. Just looking at the data from SK, is Black Friday a big thing there and were sales pulled into November there also?

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Here's a sorta Black Friday ...