This photo taken Nov. 21, 2023, shows a port in South Korea’s southern city of Busan. (Image courtesy of Yonhap)
SEOUL, Mar. 4 (Korea Bizwire) — South Korea’s industrial output inched up in January despite the marked fall in semiconductor production, data showed Monday.
Industrial output gained 0.4 percent on-month last month, the third consecutive on-year increase, according to the data compiled by Statistics Korea.
But the output in the overall mining manufacturing sector shed 1.3 percent, driven by an 8.6 percent on-month fall in chip production.
Compared with a year earlier, industrial output climbed 7.3 percent as that of semiconductors surged 44.1 percent, the data showed.
Retail sales, a gauge of private spending, advanced 0.8 percent on-month in January, on growing sales of food, cosmetics and other non-durable goods.
On an on-year basis, however, retail sales shed 3.4 percent.
Facility investment tumbled 5.6 percent in January from the previous month, while construction investment jumped 12.4 percent on-month, the data showed.
(Yonhap)
