south korea\s industrial output grows in july
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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South Korea's Industrial output grows in July

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Arab Today, arab today South Korea's Industrial output grows in July

Seoul - XINHUA

South Korea's industrial output grew last month due to a solid production increase in the construction sector, offsetting declines in the manufacturing and service industries, a government report showed Friday. Production in all industries, including manufacturing, service, construction and public administration sectors, rose 0.3 percent in July from a month earlier, according to Statistics Korea. It was the first growth in three months. Output in the manufacturing and service industries reduced due to a rise in rainy days, but it was relieved by a gain in production of the construction sector. "Rising rainy days curbed consumption during the rainy season, but solid exports bolstered production," said Kim Jong-soo, an economist at NH Investment and Securities.

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