Menu Content
Go Top

Economy

S. Korea's Industrial Output Falls 1.1% in April, Largest Drop in 11 Months

Written: 2021-05-31 08:55:56Updated: 2021-05-31 10:17:49

S. Korea's Industrial Output Falls 1.1% in April, Largest Drop in 11 Months

Photo : Getty Images Bank

South Korea's industrial output dropped at the steepest pace in eleven months in April as production in the chip industry slowed largely due to a base effect. 

Statistics Korea said on Monday that the nation’s overall industrial production declined one-point-one percent in April from the previous month.  

The reading marks the largest on-month decline since May last year, when industrial production dipped one-point-five percent. 
 
The fall is mainly led by a drop in production in the mining, manufacturing, gas and electricity industries, which dipped one-point-six percent last month.

In particular, production in the semiconductor industry fell ten-point-nine percent on-month in April. The output in the chip industry reached a record high level in March, up four-point-four percent from February. 

The output in the service industry grew point-four percent, posting growth for the third consecutive month. Retail sales, a key indicator of consumption levels, also rose two-point-three percent on-month.  

Facility investment rose three-point-five percent on-month in April.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >