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S. Korea's industrial output rebounds in February

0 Comment(s)Print E-mail Xinhua, March 31, 2025
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SEOUL, March 31 (Xinhua) -- South Korea's industrial output rebounded in February due to production recovery in the manufacturing, the construction and the service industries, statistical office data showed Monday.

The seasonally-adjusted production index in all industries, which excludes the agriculture, livestock and fishery sector, grew 0.6 percent in February from a month earlier after retreating 3.0 percent in the previous month, according to Statistics Korea.

Output among manufacturers gained 0.8 percent in February, turning around from a reduction of 3.0 percent in the prior month.

The rebound was attributable to higher production in electronic parts and electrical equipment.

Manufacturers posted an average capacity ratio of 73.1 percent in February, down 0.4 percentage points compared to the previous month.

Production in the construction industry increased 1.5 percent in February after dropping 4.6 percent in January, but output in the public administration sector slipped 0.5 percent in February.

Output in the service industry expanded 0.5 percent in February, rebounding from a fall of 0.9 percent in the prior month.

The retail sale index, which reflects private consumption, advanced 1.5 percent in February on a monthly basis after sliding 0.7 percent in January.

Facility investment swelled 18.7 percent in February after tumbling 15.7 percent in the previous month.

The cyclical variation factor for leading economic indicators, which gauges the outlook for future economic situations, added 0.1 point to 100.4 in February compared to the previous month.

The reading for coincident economic indicators, which measures the current economic condition, rose 0.1 point to 98.5 in the cited month. Enditem

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