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August 15, 2018

Korea’s industrial output falls in June

PUBLISHED : July 31, 2018 - 11:03

UPDATED : July 31, 2018 - 11:03

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[THE INVESTOR] Korea’s industrial output fell in June from a month earlier, hit by weaker capital investment and export growth, government data showed on July 31.

Production in the mining, manufacturing, gas and electricity industries declined 0.6 percent on-month in June, following an adjusted 1.2 percent on-month gain in the previous month, according to the data by Statistics Korea.

From a year earlier, industrial output fell 0.4 percent, following a 1.2 percent on-year rise in May.

Production in the service sector rose 0.2 percent on-month, with a 1.7 percent on-year gain.

Retail sales rose 0.6 percent on-month in June, compared with a 1.1 percent on-month decline in May.

Facility investment continued to decline, contracting 5.9 percent on-month, following a 3 percent on-month drop the previous month.

For all industries, production fell 0.7 percent on-month, following an adjusted 0.2 percent on-month rise in the previous month. On a yearly basis, industrial production was unchanged, the data showed.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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