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S.Korea's industrial output declines 0.6 pct in March

Xinhua, April 30, 2015 Adjust font size:

South Korea's industrial activity weakened in March after growing the previous month on the back of reductions in production, investment and consumption, boosting concerns about economic slump, a government report showed Friday.

Industrial production for all industries slid 0.6 percent in March from a month earlier, according to Statistics Korea. The production rebounded 2.2 percent in February after falling 1.9 percent in January.

Production in mining and manufacturing industries dipped 0.4 percent in March from a month earlier. Output in the metal processing and transport equipment increased more than 10 percent, but those for electronic parts and primary metals reduced 7.7 percent and 4.3 percent each.

Retail sales shrank 0.6 percent last month on a monthly basis. Demand for durable goods, such as furniture, rose 1.8 percent, but non-durable goods, including food and beverage, declined 2.1 percent.

Facility investment retreated 3.9 percent in March from a month earlier due to weak capital spending in general machinery and transport equipment. Endi