Xinhua
31 Mar 2025, 09:15 GMT+10
SEOUL, March 31 (Xinhua) -- South Korea's industrial output rebounded in February due to production recovery in the manufacturing, the construction and the service industries, statistical office data showed Monday.
The seasonally-adjusted production index in all industries, which excludes the agriculture, livestock and fishery sector, grew 0.6 percent in February from a month earlier after retreating 3.0 percent in the previous month, according to Statistics Korea.
Output among manufacturers gained 0.8 percent in February, turning around from a reduction of 3.0 percent in the prior month.
The rebound was attributable to higher production in electronic parts and electrical equipment.
Manufacturers posted an average capacity ratio of 73.1 percent in February, down 0.4 percentage points compared to the previous month.
Production in the construction industry increased 1.5 percent in February after dropping 4.6 percent in January, but output in the public administration sector slipped 0.5 percent in February.
Output in the service industry expanded 0.5 percent in February, rebounding from a fall of 0.9 percent in the prior month.
The retail sale index, which reflects private consumption, advanced 1.5 percent in February on a monthly basis after sliding 0.7 percent in January.
Facility investment swelled 18.7 percent in February after tumbling 15.7 percent in the previous month.
The cyclical variation factor for leading economic indicators, which gauges the outlook for future economic situations, added 0.1 point to 100.4 in February compared to the previous month.
The reading for coincident economic indicators, which measures the current economic condition, rose 0.1 point to 98.5 in the cited month.
Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationSHANGHAI, China: As global demand for electric vehicles continues to rise, China's BYD is looking to double its overseas sales to over...
ANDOVER, Massachusetts: As artificial intelligence drives up energy demand across the United States, Schneider Electric is making a...
WASHINGTON, D.C.: U.S. consumer confidence continued to drop in 2025, hitting its lowest level in 12 years as more Americans worry...
WASHINGTON, D.C.: Alphabet's self-driving division Waymo is preparing to expand its driverless ride-hailing footprint to the heart...
BENGALURU, India: A major regulatory breakthrough in India could mark a turning point for Starlink, Elon Musk's satellite internet...
NEW YORK, New York - Renewed fears about inflation, and U.S. Donald Trump's trade policies say American markets take a deep dive Friday....
WASHINGTON, D.C.: The U.S. National Transportation Safety Board (NTSB) has called for urgent safety checks on 68 bridges, including...
Mumbai [India], March 27 (ANI): Skyrocketing residential housing prices along with geopolitical headwinds have slowed the Indian housing...
More Bulgarians are rushing to purchase property, fearing that housing prices will rise further after the country joins the Eurozone....
SEOUL, March 31 (Xinhua) -- South Korea's industrial output rebounded in February due to production recovery in the manufacturing,...