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Industrial Output Rises but Consumption, Investment Drop in March

Written: 2022-04-29 08:37:20Updated: 2022-04-29 11:45:43

Industrial Output Rises but Consumption, Investment Drop in March

Photo : KBS News

Industrial output rebounded after drops of two straight months, but consumption and investment decreased in March.

According to Statistics Korea on Friday, the nation's overall industrial production increased one-point-five percent on-month in March.

The country's overall output rebounded after declining zero-point-three percent in both January and February.

Production in the mining and manufacturing industries increased one-point-three percent from a month earlier, while service sector output rose one-point-five percent on-month.

However, retail sales, a key indicator of consumption levels, dropped zero-point-five percent from a month earlier.

Capital investment slipped two-point-nine percent on-month in March.

The composite coincident indicator measuring the current phase of the business cycle fell by zero-point-two percentage points on-month to 102-point-four in March, the first fall in six months.

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