South Korea's industrial output growth accelerated in November, supported by a modest gain in the service sector, data showed Monday.
The November industrial output rose 0.4 percent from a year earlier, rebounding from a 0.4 percent decline in October, with both retail sales and facility investment growing from a month earlier in November, according to the data compiled by Statistics Korea.
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(Yonhap) |
The data showed the production in the mining, manufacturing, gas and electricity industries declined 0.4 percent from a month earlier, while the output in the service sector increased 1.4 percent on-month.
From a year earlier, industrial output grew 1.2 percent.
Retail sales rose 3 percent in November from a month earlier, helped by gains in sales of cars and clothes, according to the data.
Facility investment gained 1.1 percent in November from a month earlier on rising imports of airplane equipment, the data showed.
Kim Bo-kyoung, director of Statistics Korea's industry statistics division, said the overall industrial production increased in November, but the momentum of a recovery was still weak. (Yonhap)
