Tue, 20 Oct 2020

S.Korea's industrial production falls in 3 months

29 Sep 2020, 16:05 GMT+10

SEOUL, Sept. 29 (Xinhua) -- South Korea's industrial production fell in three months in August due to the COVID-19 resurgence here, statistical office data showed Tuesday.

The seasonally-adjusted output in all industries, which excludes the agricultural, forestry and fishery sectors, declined 0.9 percent in August from the previous month, according to Statistics Korea.

The industrial production turned downward, after growing 4.1 percent in June and 0.1 percent in July respectively.

The downturn came as the COVID-19 resurged here amid cluster infections in the Seoul metropolitan area traceable to church services and a massive rally in central Seoul on Aug. 15.

Retail sale, which reflects private consumption, rose 3.0 percent in August from a month ago, but facility investment reduced 4.4 percent in the month.

More South Korea News

Access More

Sign up for Seoul News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!