By Kim Soo-yeon
SEOUL, July 29 (Yonhap) -- South Korea's industrial output grew for the second straight month in June in the latest sign that Asia's fourth-largest economy has maintained mild recovery momentum amid heightened external uncertainty, data showed Friday.
Industrial production rose 0.6 percent in June from the previous month, compared with a 0.8 percent on-month increase in May, according to the data from Statistics Korea.
Compared with a year earlier, industrial output grew 2.1 percent.
But retail sales, a gauge of private spending, fell for the fourth consecutive month in June.
Retail sales declined 0.9 percent last month, after a 0.2 percent on-month fall in May.
Facility investment grew 4.1 percent in June, compared with a 12.8 percent gain in the previous month.
The South Korean economy faces the risk of stagflation, a mix of slowing growth and high inflation, amid heightened economic uncertainty from the ongoing war between Russia and Ukraine, and the Federal Reserve's aggressive rate hikes.
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