[THE INVESTOR] South Korea’s industrial output swung back to growth in May on the back of increased production in chips and petroleum products, a government report showed on June 30.
According to Statistics Korea, total output increased by 1.7 percent from April, reaching an all-time high in 15 months. It jumped 4.8 percent from May 2015.
 |
Pixabay.com |
The mining, manufacturing, gas and electricity industries led the increase, logging an output growth of 4.3 percent last month from a year ago. It gained 2.5 percent from a month earlier. The May figure represents an improvement from 0.5 percent and 2.6 percent on-year drops in March and April, respectively.
Production in the service industry also jumped 3.4 percent from a year earlier and went up 0.1 percent on-month.
By Ahn Sung-mi (
sahn@heraldcorp.com)
