Korea’s domestic output sees 2nd straight month of fall
Korea’s domestic output sees 2nd straight month of fall
  • By Oh Hae-young (haeya@koreaittimes.com)
  • 승인 2015.05.29 19:19
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Statistics Korea on Friday said domestic industrial output saw a higher drop last month than in March, with electricity, gas, mining and manufacturing falling 1.2 percent.

April saw a second straight month of falling output and its rate was higher than the 0.3-percent reduction in March.

The agency blamed sluggish exports for the lackluster performance, as a fewer number of vessels were launched at domestic shipyards as well as a lower number of large sea structures were produced.

Industrial production also fell 2.7 percent, while all sectors saw a contraction of 0.3 percent from the previous month but were up 0.7 percent from a year earlier.

Among gainers, cars saw output rise 2.8 percent, with those of telecom and broadcast devices up 9 percent. Production in the service sector last month inched up 0.5 percent from March and 4.1 percent higher from last year.

The wholesale and retail sectors saw a 1.4-percent rise in output.

Business investment declined 0.8 percent last month from March due to fewer purchases of general machinery, but was up 2.8 percent year-on-year.

By Oh Hae-young

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