Korea’s industrial output falls in June
[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 (email@example.com)