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Industrial production, retail sales fall in September: data
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Industrial production, retail sales fall in September: data

SEOUL, Oct. 31 (Yonhap) — South Korea’s industrial production and retail sales contracted from a month earlier in September, data showed Thursday.

Industrial production fell 0.3 percent on the month after rising 1.2 percent in August, according to data compiled by Statistics Korea.

In annual terms, industrial production fell 1.1 percent in September.

Retail sales, a gauge of private spending, fell 0.4 percent from a month earlier in September after rising 2 percent the previous month.

But plant investment rose 8.4 percent on the month, rebounding from a 5.1 percent decline in August, the data showed.

This file photo provided by Samsung Electronics Co. on September 7, 2022, shows its production line in the city of Pyeongtaek, about 60 kilometers south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)

This file photo provided by Samsung Electronics Co. on September 7, 2022, shows its production line in the city of Pyeongtaek, about 60 kilometers south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)

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