Industrial output grew last month thanks to a strong performance in the semiconductor industry.

Statistics Korea said on Thursday that the index of the nation’s overall industrial production edged up zero-point-five percent from a month earlier to come in at 111-point-six in November, rebounding after dropping in October.

Production in manufacturing industries led the surge in the index after climbing three-point-three percent on-month to post the sharpest rise since August.

Output in semiconductor production increased 12-point-eight percent while the machinery equipment industry came rose eight percent.

Retail sales, a key indicator of consumption levels, climbed one percent on-month, while facility investment slipped two-point-six percent in November.

The composite coincident indicator measuring the current phase of the business cycle dropped by zero-point-one point on-month to 98-point-nine, while the composite leading indicator projecting the future business cycle gained zero-point-two points to 99-point-nine.