April 20, 2024
Industrials
Industrial output down 2% in April
[THE INVESTOR] Korea’s industrial output backtracked last month from a month earlier, government data showed on May 31.
Production in the mining, manufacturing, gas and electricity industries fell 2.2 percent on-month in April, retreating from a 1.2 percent on-month gain in the previous month, according to the data by Statistics Korea.
From a year earlier, the figure rose 1.7 percent on-year in April on the back of a sharp output increase in the machinery and electronic parts sectors.
Production in the service sector edged up 0.1 percent last month from a month earlier, with a 2.5 percent on-year rise.
Retail sales climbed 0.7 last month compared with the previous month but posted a 2.8 percent jump from a year earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Production in the mining, manufacturing, gas and electricity industries fell 2.2 percent on-month in April, retreating from a 1.2 percent on-month gain in the previous month, according to the data by Statistics Korea.
From a year earlier, the figure rose 1.7 percent on-year in April on the back of a sharp output increase in the machinery and electronic parts sectors.
Production in the service sector edged up 0.1 percent last month from a month earlier, with a 2.5 percent on-year rise.
Retail sales climbed 0.7 last month compared with the previous month but posted a 2.8 percent jump from a year earlier.
By Alex Lee and newswires (alexlee@heraldcorp.com)
