SEOUL, 30th May, 2025 (WAM) -- The Republic of Korea's industrial production, retail sales and facilities investment all declined in April from the previous month, data showed Friday.
Yonhap News Agency quoted data compiled by Statistics Korea as saying that industrial production went down 0.8 percent last month, reversing modest gains posted in March.
Retail sales, a gauge of private spending, dropped 0.9 percent from a month earlier in April. Facility investment also saw a decline, falling 0.4 percent from the previous month.
It marks the first time since January, and the second since October last year, that all three major economic indicators declined simultaneously.
The drop in industrial output was largely driven by a 0.9 percent on-month contraction in the manufacturing sector, considered the backbone of the economy.