Seoul : South Korea’s industrial production, retail sales, and facility investment declined in April compared to March, according to official data.
Industrial output dropped by 0.8%, driven by a 0.9% contraction in the manufacturing sector. Retail sales, a key indicator of private consumption, dropped by 0.9%, while facility investment declined by 0.4%.
The Korean Statistical Information Service noted that this simultaneous drop across the three key indicators is the first since January and only the second since last October, reflecting the ongoing economic challenges facing the country.
