Wed, 17 Aug 2022

S.Korea's industrial output up 0.8 pct in May

Xinhua
30 Jun 2022, 15:30 GMT+10

SEOUL, June 30 (Xinhua) -- South Korea's industrial output was up 0.8 percent in May from a month earlier, statistical office data showed Thursday.

The seasonally-adjusted production in all industries, which exclude the agriculture, forestry and fishery sector, gained 0.8 percent in May from the previous month, according to Statistics Korea.

After expanding 1.6 percent in March, the industrial production declined 0.9 percent in April before rebounding last month.

Facility investment advanced 13.0 percent in May on a monthly basis, marking the first turnaround in four months.

Retail sale, which reflects private consumption, went down by 0.1 percent in May, keeping a downward trend for the third consecutive month.

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