South Korea's industrial output grows

industrail-outputSeoul, Aug 30 : South Korea's industrial output grew last month due to a solid production increase in the construction sector, offsetting declines in the manufacturing and service industries, a government report showed Friday.

Production in all industries, including manufacturing, service, construction and public administration, rose 0.3 percent in July from a month earlier, Xinhua reported citing Statistics Korea.

It was the first growth in three months.

Output in the manufacturing and service industries reduced due to a rise in rainy days, but it was relieved by a gain in production of the construction sector.

"Rising rainy days curbed consumption during the rainy season, but solid exports bolstered production," said Kim Jong-soo, an economist at NH Investment and Securities.(IANS)




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