September industrial output growth hit a 15-year high on chips, with retail sales and investment also up. The chip upcycle is carrying the data, and the breadth is what matters for the export-sensitiv

What happened: South Korea's September industrial output rose 3 percent from August, the fastest pace since March 2011, led by semiconductor production, according to the Ministry of Data and Statistics. Key numbers: Industrial production +3 percent on-month, sharpest since +3.4 percent in March 2011. Manufacturing output +9 percent. Why it matters: The data marked the first simultaneous rise in the three major indicators since June, after output fell 1.2 percent in August. The ministry attributed the chip gain to increased memory chip production.

Industrial output hit a 15-year high on chips, with retail sales and investment also rising.

Industrial output hit a 15-year high on chips, with retail sales and investment also rising. — impact context not separately stored; see What changed.