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S. Korean consumption plummets 3.1% m/m in Jan., biggest monthly drop in 9 years Updated: 2020-02-28 16:47:07 KST

Industrial output across all sectors in South Korea edged up last month, but consumption and investment fell sharply.
According to Statistics Korea, overall industrial output rose point-one percent on-month, but consumption plunged by more than three percent, the biggest monthly fall since February 2011.
Production in the mining, manufacturing and gas sectors fell one.three percent from the month before, while production in the service sector edged up less than half-a-percent.
Production in the semiconductor, finance and insurance sectors rose, but the machinery sector went down.
The figures, however, do not take into account the impact of the coronavirus, so the prospects for February look even bleaker.
Reporter :
KOGL : Korea Open Government License
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