World Economy

S. Korea Factory Output Falls

S. Korea Factory Output FallsS. Korea Factory Output Falls

South Korea’s overall domestic industrial output decreased again in June, recording a three-month decline for the first time since July 2013, largely due to decreases in the refining and semiconductor sectors. But consumption increased by 1.1% compared with the previous month, according to data released by Statistics Korea on Friday, Yonhap reported. The country’s overall output in June fell by 0.1%, with the semiconductor sector posting a 3.9% decline in production, following an 8.9% increase in the previous month. Accordingly, the chips inventory level fell by 32.5% on-month, the data showed.


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