SKorea industrial output down

31 Aug 2012, 1:10 pm   -   Source: AAP

South Korea's industrial output has registered a second straight month of decline in July amid a deepening global slowdown.

South Korea's industrial output has registered a second straight month of decline in July amid a deepening global slowdown, government statistics show.

Production in the mining, manufacturing, gas and electricity industries fell 1.6 per cent from the previous month following a revised 0.6 per cent contraction in June, Statistics Korea data said on Friday.

Year-on-year, the output inched up 0.3 per cent last month but decelerated from a revised 1.4 per cent on-year gain in June.

Service-sector production increased 1.5 per cent on-year in July and inched up 0.7 per cent from the previous month, the data showed.

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