Photo : YONHAP News
The country’s industrial output rebounded for the first time in four months on the back of a rise in the production of automobiles and semiconductors.
According to data from Statistics Korea on Monday, the industrial production index rose one-point-two percent from a month earlier to 113-point-seven percent in August.
It marks the first rise after falling for three straight months from May.
The rise was led by a four-point-one percent on-month increase in the mining and manufacturing industries, with the output of automobiles and chips rising 22-point-seven percent and six percent, each.
Retail sales, a key indicator of consumption levels, gained one-point-seven percent from the previous month, the largest gain in 18 months since February 2023.
Facility investments slipped five-point-four percent month over month in August.