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S.Korea's industrial output falls 0.7 pct in April

SEOUL
2022-05-31 13:27

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SEOUL, May 31 (Xinhua) -- South Korea's industrial output fell last month, raising worry about economic slowdown, statistical office data showed Tuesday.

The seasonally-adjusted production in all industries, which exclude the agriculture, forestry and fishery sector, shrank 0.7 percent in April from a month earlier, according to Statistics Korea.

The industrial output advanced 1.6 percent in March, after sliding 0.3 percent in January and 0.3 percent in February.

Output in the mining and manufacturing industry declined 3.3 percent in April, marking the first reduction in seven months.

Production in the services industry grew 1.4 percent last month as the government lifted all anti-COVID-19 measures except an indoor mask mandate.

Output in the construction sector expanded 1.4 percent, but output in the public administration reduced 4.3 percent.

Retail sale, which gauges private consumption, dwindled 0.2 percent in April from a month earlier, after dipping 0.7 percent in the previous month.

The sale of semi-durable and durable goods increased 7.7 percent and 0.4 percent respectively, but the sale of non-durable goods diminished 3.4 percent on weaker demand for medicine and medical supplies.

Facility investment tumbled 7.5 percent in April on a monthly basis, keeping a downward trend for the third straight month.
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