The government says despite a solid trend of exports and domestic spending, external variables continue amid the prolonged U.S.-China trade war.

In a report released Friday, the Finance Ministry said outbound shipments totaled 51-point-nine billion U.S. dollars last month - the third best on record - amid increases in petroleum products, semiconductors and petrochemicals.

Retail sales rose zero-point-two percent on-month in October amid gains in durable goods like automobiles.

The report said the country's overall industrial output was moderate, increasing zero-point-four percent in October on-month, while facility investment rose one-point-nine percent.

While assessing investments and hiring to be in an adjustment phase this month, the report made no mention of the word "recovery" for the third straight month.