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S. Korea's Industrial Output Rebounds in February

Written: 2016-03-31 11:57:05Updated: 2016-03-31 16:55:24

S. Korea's Industrial Output Rebounds in February

South Korea's industrial output rebounded in February led by increased production in the semiconductor and service industries.

According to Statistics Korea on Thursday, the country's industrial output increased eight-tenths of a percent last month from a month ago. The output decreased in October and November last year before rebounding to one-point-three percent in December and taking a downturn in January.

Production in the mining and manufacturing sectors gained three-point-three percent last month from a month ago, thanks to increased output in semiconductors and metalworking. The three-point-three percent growth marks the largest since September 2009 when it posted three-point-seven percent.

Retail sales, which refer to domestic consumption, fell one-point-eight percent last month, decreasing for the second straight month.

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