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S. Korea's industrial output shrinks 1.5 pct in March

All News 08:07 April 29, 2016

SEJONG, April 29 (Yonhap) -- South Korea's industrial output fell from a year earlier in March due to a drop in the machinery and electronics parts sectors, a government report showed Friday.

Production in the mining, manufacturing, gas and electricity industries fell 1.5 percent last month from a year ago, according to the report by Statistics Korea. From a month earlier, industrial output also retreated 2.2 percent.

The March figure backtracked to negative territory following a 2.2 percent rise in February, which snapped a three-month losing streak.

Production in the service sector expanded 2.7 percent from a year earlier and improved 0.8 percent on-month, a turnaround from a 1.3 percent fall, the report showed.

For all industries, output moved up 2.2 percent from the same month in 2015 and climbed 0.6 percent from a month earlier.


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