SK's output blurs hope for recovery
Source: AFP |
March 1, 2013, Friday
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Print Edition
Print Edition
SOUTH Korea's industrial output shrank for the first time in five months in January, official figures showed yesterday, dampening hopes for a robust recovery for Asia's fourth-largest economy.
Production in the mining, manufacturing, gas and electricity industries shrank a seasonally adjusted 1.5 percent compared with December, marking the first monthly fall since August, state-run Statistics Korea said.
Compared with a year earlier, January's reading was up 7.3 percent.
Auto production rose nearly 18 percent from a year ago and 1.5 percent from December, but many other major sectors showed a sharp decline.
Production of electronic devices such as mobile phones shrank 10.1 percent from a month ago and 6.8 percent from a year ago. Computer production also fell 4.4 percent from December and 62.6 percent from a year earlier.
Production in the mining, manufacturing, gas and electricity industries shrank a seasonally adjusted 1.5 percent compared with December, marking the first monthly fall since August, state-run Statistics Korea said.
Compared with a year earlier, January's reading was up 7.3 percent.
Auto production rose nearly 18 percent from a year ago and 1.5 percent from December, but many other major sectors showed a sharp decline.
Production of electronic devices such as mobile phones shrank 10.1 percent from a month ago and 6.8 percent from a year ago. Computer production also fell 4.4 percent from December and 62.6 percent from a year earlier.
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