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S. Korea's industrial output rises 0.1 pct in July

Xinhua News,SEOUL
2020-08-31 11:04

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SEOUL, Aug. 31 (Xinhua) -- South Korea's industrial output rose slightly last month, with consumption and investment sliding, statistical office data showed Monday.

The seasonally-adjusted production in all industries, which exclude the agriculture, forestry and fishery sectors, grew 0.1 percent in July from a month earlier, according to Statistics Korea.

Output in the mining and manufacturing sectors gained 1.6 percent, while production in the services industry added 0.3 percent last month.

Retail sale, which reflects private consumption, declined 6.0 percent in July from a month earlier, marking the highest reduction in five months since February.

Facility investment shrank 2.2 percent in the cited month due to weak investment in transport equipment.

The cyclical variation factor for leading economic indicators, which measures outlook for future economic situation, gained 0.4 points in July from a month earlier.

The reading for coincident economic indicators, which reflects the current economic situation, added 0.2 points in the month.
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