Invest KOREA

According to Yonhap News,

(SEJONG=Yonhap News) Korea's industrial output increased in January from a month earlier on a rise in production in the automaking and chipmaking sectors, government data showed Friday.

Production in the mining, manufacturing, gas and electricity industries rose 1 percent on-month in January, following an adjusted 0.5 percent on-month decline in the previous month, according to the data by Statistics Korea.

From a year earlier, industrial output also spiked 4.6 percent in January, following a 4.6 percent on-year decline in December.

Production in the service sector increased 0.8 percent on-month in January, with a 3.6 percent on-year gain.

Retail sales advanced 1.7 percent on-month in January, turning around from a 2.6 percent on-month decline in the previous month, with a 1.4 percent on-year rise.

Facility investment jumped 6.2 percent on-month in January, soaring 22.5 percent on-year as well.

For all industries, production gained 1.2 percent on-month in January, following a 0.5 percent on-month dip in the previous month, with a 4.5 percent on-year gain, the data showed.

sam@yna.co.kr

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