Industrial output up 0.9 percent in March; retail sales down 0.3 percent

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Industrial output up 0.9 percent in March; retail sales down 0.3 percent

This file photo, provided by Samsung Electronics Co. on Sept. 7, 2022, shows its production line in the city of Pyeongtaek, about 60 kilometers south of Seoul. [YONHAP]

This file photo, provided by Samsung Electronics Co. on Sept. 7, 2022, shows its production line in the city of Pyeongtaek, about 60 kilometers south of Seoul. [YONHAP]

 
Korea's industrial output edged up in March from the previous month, supported by strong semiconductor production, despite a prolonged slump, data showed Wednesday.
 
Industrial production rose 0.9 percent last month, marking the second straight month of growth following a downturn that began in September, except for a brief uptick in December, according to the data compiled by Statistics Korea.
 

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In contrast, retail sales, a key gauge of private spending, inched down 0.3 percent from a month earlier in March.
 
Facility investment also declined by 0.9 percent in March, following a sharp rebound in February.
 

Yonhap
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