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S. Korea's overall industrial output rises by 0.8% m/m led by service industry
Updated: 2022-06-30 08:29:32 KST
South Korea's overall industrial production in May rebounded compared to the previous month, led by the service industry.
Data from Statistics Korea on Thursday shows that the index for the country's industrial output in May stood at one-hundred-17.one, up point-eight percent from April.
The rise was mainly due to the service industry output, which increased by one.one percent on-month.
Statistics Korea says, with the lifting of social distancing measures, the sports and leisure industry output rose by six.five percent and the restaurants and lodging sector output went up by more than 4 percent.
However, retail sales, a barometer for consumer spending, edged down by point-one percent on-month, dropping for the third straight month.
Reporter : jy_rachel@arirang.com