S.Korea's industrial output rises for 2 months to April

Source: Xinhua| 2019-05-31 10:13:30|Editor: Li Xia
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SEOUL, May 31 (Xinhua) -- South Korea's industrial output rose for two straight months through April on the recovery of manufacturing production, a government report showed Friday.

Production in all industries grew 0.7 percent in April from a month earlier, after gaining 1.5 percent in the previous month, according to Statistics Korea.

The continued growth came as production in the mining and manufacturing industries expanded 1.6 percent in the month.

Production among manufacturers increased 1.7 percent in April from a month ago. Semiconductor output advanced 6.5 percent, with the figure for oil refiners jumping 11.2 percent.

Output in the services sector added 0.3 percent in the cited period on lackluster activity in the wholesale and retail industry.

Facility investment went up 4.6 percent on the recovering output of manufacturers, but the retail sale, which reflects private consumption, declined 1.2 percent last month.

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