Pace of South Korea's economic growth on production side is limited: KDI
- 6 years ago
South Korea saw a decline in production... mainly due to a dip in the mining and manufacturing sectors.
According to the Korea Development Institute's monthly economic trends report released Tuesday, production dropped one percent in March, following a 1-point-2 percent on-year slip in February.
Mining and manufacturing production fell by 4-point-3 percent, due to continued sluggishness in the auto sector.
However, the service sector saw moderate growth… as did retail sales, thanks to continued favorable trends in private consumption.
According to the Korea Development Institute's monthly economic trends report released Tuesday, production dropped one percent in March, following a 1-point-2 percent on-year slip in February.
Mining and manufacturing production fell by 4-point-3 percent, due to continued sluggishness in the auto sector.
However, the service sector saw moderate growth… as did retail sales, thanks to continued favorable trends in private consumption.