South Korea's Exports Rise

South Korea's Exports Rise

South Korea's exports rose more than expected for the first time for six months. South Korea's exports rose for the first time in six months after semiconductor material sales rose. The increase may be short-lived, with the Coronavirus outbreak having a negative impact on World Trade. In February Sunday, exports rose 4.5 percent, compared with the same period a year earlier, according to data released by South Korea's Commerce Ministry. Economists expected exports to rise by 2.8 percent. Due to the timing of the new Lunar Year holiday and the addition of three working days to the month, the headline figures are likely to be more positive than the actual product flow. South Korea's average daily exports fell 11.7 percent last month. Sunday's February data showed that China's manufacturing sector activity narrowed sharply.