Global Economic News

South Korea Industrial Production Slips 2.1% In March

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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by RTTNews Staff Writer

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