© Reuters. FILE PHOTO: Workers walk past a construction site in Seoul, South Korea October 2, 2018. REUTERS/Kim Hong-Ji
SEOUL (Reuters) – South Korean factory output in April fell 1.2% from March, on a seasonally adjusted basis, official data showed on Wednesday, slightly down from a 1.6% loss reported in a Reuters investigation.
In March, output rose 5.3% from February, the fastest gain since June 2020, according to Statistics Korea.
Output in April was down 8.9% from the same month a year earlier, compared with a 7.6% decline in March and a 7.9% year-on-year drop expected by economists. This is the biggest annual loss in three months.
Retail sales in April fell 2.3% from the previous month, following a 0.1% gain the previous month, marking the first monthly decline since January and the largest in five months.