S. Korea's industrial output posts first reduction in 3 months

Xinhua

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South Korea's industrial output posted a first reduction in three months, reflecting the lackluster growth of the economy, a government report showed Tuesday.

Production in all industries decreased 0.6 percent in August from a month earlier, the first decline in three months, according to Statistics Korea. The gauge for industrial activity retreated 1 percent in May before rising 2.3 percent in June and 0.3 percent in July respectively.

Output in construction, service and public administration sectors increased 1 percent, 0.3 percent and 7.2 percent each on a monthly basis.

Production in the mining and manufacturing industry tumbled 3.8 percent, marking the biggest monthly fall since it plunged 10.5 percent in December 2008.

Production among manufacturers declined 3.8 percent in August from a month earlier due to a double-digit drop in production of automakers and transport equipment manufacturers.

Partial strikes occurred last month in some major automakers, contributing to a output reduction in the auto industry. Summer vacation and rainfalls disrupted last month's auto production.