April 25, 2024

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[THE INVESTOR] Korea’s industrial output dipped in October from a month earlier, government data showed on Nov. 30.

Production in the mining, manufacturing, gas and electricity industries dropped 1.1 percent on-month in October, following an adjusted 0.2 percent rise in the previous month, according to the data by Statistics Korea.

From a year earlier, industrial output also sank 5.9 percent last month, a turnaround from a 8.5 percent on-month rise in September.

Production in the service sector also shed 1.7 percent on-month, with a 0.2 percent on-year fall.

Retail sales dipped 2.9 percent on-month, turning around from a 3.1 percent gain in September.

For all industries, production declined 1.5 percent on-month, with a 2.2 percent on-year dip, the data showed.

By Alex Lee and newswires (alexlee@heraldcorp.com)