Financial News: South Korea Industrial Production Slips 2.1% In March

South Korea Industrial Production Slips 2.1% In March

04/29/2024 - 19:34:00 (RTTNews)

(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 2.1 percent on month in March, Statistics Korea said on Tuesday - following the 3.1 percent increase in February.

The mining industry (-3.2 percent) and the services industry (-0.8 percent) saw the largest declines, along with decreases in wholesale and retail, lodging and restaurants. Retail sales increased by 1.6 percent due to higher sales in food and beverages and passenger cars.

Investment facility investment fell 6.6 percent due to a decrease in investment in machinery and transportation equipment, while construction equipment sank 8.7 percent due to a decrease in construction and civil engineering work.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Decreases More Than Expected In April (32 min(s), 29 sec(s) ago)
(RTTNews) - Suggesting softer economic conditions lay ahead, the Conference Board released a repor ...Full Story»

China Industrial Output Gains Strength; Retail Sales & Investment Data Disappoints (02 hr(s), 44 min(s), 29 sec(s) ago)
(RTTNews) - China's industrial growth accelerated in April driven by robust exports but soften ...Full Story»

French Jobless Rate Stable At 7.5% In Q1 (04 hr(s), 29 min(s), 29 sec(s) ago)
(RTTNews) - France's unemployment rate held steady in the first quarter after rising in the pr ...Full Story»

Eurozone Inflation Steady At 2.4% As Estimated (04 hr(s), 51 min(s), 29 sec(s) ago)
(RTTNews) - Eurozone inflation remained stable in April as initially estimated, official data said ...Full Story»

Austrian Inflation Confirmed At 31-Month Low (06 hr(s), 04 min(s), 29 sec(s) ago)
(RTTNews) - Austria's consumer price inflation eased to the lowest level in more than two-and- ...Full Story»

Swiss Industrial Production Shrinks 3.1% In Q1 (07 hr(s), 02 min(s), 29 sec(s) ago)
(RTTNews) - Switzerland's industrial production declined for the second straight quarter in th ...Full Story»

Malaysia GDP Growth Rebounds More Than Estimated (07 hr(s), 09 min(s), 29 sec(s) ago)
(RTTNews) - Malaysia's economy logged a stronger-than-estimated rebound in the first quarter o ...Full Story»

Singapore Non-Oil Domestic Exports Fall 9.3% (08 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - Singapore's non-oil domestic exports decreased for the third straight month in Apr ...Full Story»