S.Korea's industrial production falls 0.7 pct in June

Source: Xinhua| 2019-07-31 10:01:16|Editor: Yurou
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SEOUL, July 31 (Xinhua) -- South Korea's industrial production fell 0.7 percent in June from a month earlier, keeping a downward momentum for the second consecutive month, a government report showed Wednesday.

The seasonally-adjusted production in all industries, excluding the agricultural, forestry and fishery sectors, declined 0.7 percent in June from a month ago, after sliding 0.3 percent in the prior month, according to Statistics Korea.

Retail sales, which reflect private consumption, retreated 1.6 percent in June from a month earlier, turning downward after growing 0.9 percent in May.

Facility investment rebounded 0.4 percent last month, after contracting 7.1 percent in the previous month.

The cyclical factor for leading indicators, which measure outlook for future economic conditions, shed 0.2 points in June from a month earlier, and the figure for coincident indicators fell 0.1 point last month.

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