S. Korea's industrial output shrinks 0.1 pct on-month in July
Aug 30, 2013
South Korea's industrial output shrank slightly on-month in July amid tough economic conditions at home and abroad, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries dropped 0.1 percent last month from a month earlier. This marked a turnaround from a revised 0.6 percent gain in June.Service sector production also contracted 0.2 percent on-month in July, but it expanded 0.8 percent compared with a