S. Korea's industrial production falls for 2nd month on reducing corporate investment

Source: Xinhua | 2019-01-31

Industrial production in South Korea fell for two straight months through December due to the reducing corporate investment, a government data showed on Thursday.
The industrial output index in all industries, adjusted for inflation, shrank 0.6 percent in December from the previous month, after sliding 0.7 percent in November, according to Statistics Korea.
It came as companies refrained from spending capital in new facilities amid the lingering uncertainties at home and abroad.
Facility investment reduced 0.4 percent in December from a month earlier, after dropping 4.9 percent in November.
The retail sale index, which reflects private consumption, climbed 0.8 percent in December, keeping an upward trend for the third consecutive month.