Statistics Korea reported on Thursday that South Korea’s industrial output decreased by 0.7% in July compared to the previous month, due to the current economic slowdown. This comes after June’s output remained unchanged.
Retail sales also experienced a 3.2% dip during the same period.
In addition, facility investment fell 8.9% month-on-month in July.
This Aug. 1, 2023, file photo shows containers stacked at a port in Busan, 320 kilometers southeast of Seou. (Yonhap)
colin@yna.co.kr
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