S.Korea's industrial output rebounds in 3 months in July

Source: Xinhua| 2019-08-30 10:16:31|Editor: xuxin
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SEOUL, Aug. 30 (Xinhua) -- South Korea's industrial output rebounded in three months in July, offsetting a reduction in private consumption, a government report showed Friday.

The seasonally-adjusted production in all industries, which exclude agricultural, forestry and fishery sectors, gained 1.2 percent in July from the previous month, according to Statistics Korea.

It was the first growth in three months, after sliding 0.2 percent in May and 0.6 percent in June respectively.

Output in the manufacturing and mining industries advanced 2.6 percent in July from a month earlier, marking the fastest increase in 32 months since November 2016.

Retail sales, which reflect private consumption, declined 0.9 percent in the month, continuing a downward trend for the second consecutive month.

Facility investment grew 2.1 percent last month, but completed construction diminished 2.3 percent.

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