The Korea Herald

지나쌤

Korea's industrial output gains 0.4% in November

By Yonhap

Published : Dec. 30, 2019 - 08:51

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South Korea's industrial output growth accelerated in November, supported by a modest gain in the service sector, data showed Monday.

The November industrial output rose 0.4 percent from a year earlier, rebounding from a 0.4 percent decline in October, with both retail sales and facility investment growing from a month earlier in November, according to the data compiled by Statistics Korea. 


(Yonhap) (Yonhap)

The data showed the production in the mining, manufacturing, gas and electricity industries declined 0.4 percent from a month earlier, while the output in the service sector increased 1.4 percent on-month.

From a year earlier, industrial output grew 1.2 percent.

Retail sales rose 3 percent in November from a month earlier, helped by gains in sales of cars and clothes, according to the data.

Facility investment gained 1.1 percent in November from a month earlier on rising imports of airplane equipment, the data showed.

Kim Bo-kyoung, director of Statistics Korea's industry statistics division, said the overall industrial production increased in November, but the momentum of a recovery was still weak. (Yonhap)