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South Korea January Industrial Output Up 0.1%
(MENAFN- Qatar News Agency) Industrial output in South Korea rose for two consecutive months in January as business activities were strong, a government report showed Friday.
Production in all industries, including manufacturing, service, construction and public administration sectors, grew 1.4% in January from a month earlier after gaining 0.4% in the previous month, the Statistics Korea said. Output in mining and manufacturing industries inched up 0.1% in January after expanding 2.4% in the previous month. It was attributable to a fall in business days caused by the Lunar New Year holiday that moved to January this year from February last year.
Production in the construction sector jumped 9.7% last month with service and public administration rising 0.9% and 4.2% respectively.
Production in all industries, including manufacturing, service, construction and public administration sectors, grew 1.4% in January from a month earlier after gaining 0.4% in the previous month, the Statistics Korea said. Output in mining and manufacturing industries inched up 0.1% in January after expanding 2.4% in the previous month. It was attributable to a fall in business days caused by the Lunar New Year holiday that moved to January this year from February last year.
Production in the construction sector jumped 9.7% last month with service and public administration rising 0.9% and 4.2% respectively.
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