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S. Korea's Industrial Output Flat, Consumption Falls in October

Write: 2020-11-30 09:40:02

Thumbnail : YONHAP News

South Korea's industrial output remained flat in October from a month earlier while consumption and investment decreased.

According to Statistics Korea on Monday, the nation's overall industrial production remained unchanged on-month in October, following a two-point-two percent gain in September. 

Production in the mining, manufacturing, gas and electricity industries declined one-point-two percent last month from the previous month due to decreased exports.  

Retail sales, a key indicator of consumption levels, decreased point-nine percent in October from a month earlier, the first decline since July, when it dropped six percent. 

Facility investment also contracted three-point-three percent on-month last month, following a seven-point-six percent rise in September.

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