Industrial output, private spending, investment log on-month gains in February

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Industrial output, private spending, investment log on-month gains in February

A senior official of Statistics Korea shows industrial output, private spending and investment all rose on month at the government complex in Sejong on Friday. [YONHAP]

A senior official of Statistics Korea shows industrial output, private spending and investment all rose on month at the government complex in Sejong on Friday. [YONHAP]

 
Korea's industrial output, private spending and investment all logged on-month gains in February, data showed Friday.
 
Industrial output edged up 0.3 percent on-month last month following a 0.5 percent increase in January, according to data from Statistics Korea.
 
Industrial output in general rose for the third straight month from December and January, months which increased by 0.1 percent, after decreases in November at minus 0.5 percent and October at minus 1.1 percent.
 
But semiconductor output fell 41.8 percent on year. Compared to the month before, it was down 17.1 percent, the steepest dive since an 18.1 percent decline in December 2008.
 
Retail sales, a gauge of private spending, rose 5.3 percent, ending three consecutive months of declines.
 
Nondurable good such as food led the rise at 6.4 percent, along with durable goods such as cars at 4.6 percent and semi-durable goods such as clothes at 3.5 percent.
 
Facility investment also added 0.2 percent on month, the data showed.
 
Duty-free sales rose 18.3 percent from the previous month due to the increased number of Chinese tourists.

BY SOHN DONG-JOO, YONHAP [sohn.dongjoo@joongang.co.kr]
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