SEOUL : South Korea's factory output in April fell 1.2 per cent from March, on a seasonally adjusted basis, official data showed on Wednesday, coming in slightly softer than a 1.6 per cent loss tipped in a Reuters survey.In March, output rose by 5.3 per cent from February, which was the fastest gain since
SEOUL : South Korea's factory output in April fell 1.2 per cent from March, on a seasonally adjusted basis, official data showed on Wednesday, coming in slightly softer than a 1.6 per cent loss tipped in a Reuters survey.
In March, output rose by 5.3 per cent from February, which was the fastest gain since June 2020, according to Statistics Korea. Output in April was down 8.9 per cent from the same month a year earlier, compared with a decline of 7.6 per cent in March and a year-on-year drop of 7.9 per cent expected by economists. It was the biggest annual loss in three months.
Retail sales in April dropped 2.3 per cent from a month earlier, after a 0.1 per cent gain in the previous month, marking the first monthly fall since January and the biggest in five months.
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