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S. Korean consumption plummets 3.1% m/m in Jan., biggest monthly drop in 9 years Updated: 2020-02-28 13:47:32 KST

Industrial output across all sectors in South Korea edged up last month, but consumption and investment fell sharply.
Statistics Korea said Friday that overall industrial output rose point-one percent on-month, but consumption plunged by more than 3 percent, the biggest monthly fall since February 2011.
Production in the mining, manufacturing and gas sectors fell 1.3 percent from the month before, while the production in the service sector edged up less than half-a-percent.
Production in the semiconductor, finance and insurance sector 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.
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