Industrial production in South Korea was down a seasonally adjusted 2.1 percent on month in March, Statistics Korea said on Tuesday - following the 3.1 percent increase in February.
The mining industry (-3.2 percent) and the services industry (-0.8 percent) saw the largest declines, along with decreases in wholesale and retail, lodging and restaurants. Retail sales increased by 1.6 percent due to higher sales in food and beverages and passenger cars.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.