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[THE INVESTOR] South Korea‘s industrial output rose for the fourth consecutive months in August, according to a government report on Sept. 30.
Production in the mining, manufacturing, gas and electricity industries rose 2.3 percent last month from a year ago, according to the report by Statistics Korea.
The August figure marks the fourth straight month of advance, following a 4.7 percent jump in May, a 0.8 percent gain in June and a 1.6 percent rise in July.
From a month earlier, industrial output retreated 2.4 percent in August, however, due to a sharp drop in auto production.
Production in the service sector added 4.7 percent from a year earlier, with a 0.7 percent on-month gain.
For all industries, output moved up 5 percent on-year in August but retreated 0.1 percent from a month earlier, the report said.
(theinvestor@heraldcorp.com)
Production in the mining, manufacturing, gas and electricity industries rose 2.3 percent last month from a year ago, according to the report by Statistics Korea.
The August figure marks the fourth straight month of advance, following a 4.7 percent jump in May, a 0.8 percent gain in June and a 1.6 percent rise in July.
From a month earlier, industrial output retreated 2.4 percent in August, however, due to a sharp drop in auto production.
Production in the service sector added 4.7 percent from a year earlier, with a 0.7 percent on-month gain.
For all industries, output moved up 5 percent on-year in August but retreated 0.1 percent from a month earlier, the report said.
(theinvestor@heraldcorp.com)
