South Korea's Industrial Output, Retail Sales, Investment Decline in April

South Korea's industrial output, retail sales, investment decline in April

Korea's industrial production, retail sales and facilities investment all declined in April from the previous month, data showed Friday, raising further concerns over a potential slowdown of Asia's fourth-largest economy. Industrial production went down 0.8 percent last month, reversing modest gains posted in March, according to the data compiled by Statistics Korea. Retail sales, a gauge of private spending, dropped 0.9 percent from a month ear…

Retail sales, facility investment, and construction production decreased for the second month in a row… Leading indicators up 0.3p Reporter Park Jae-hyun and Song Jeong-eun = Industrial production and consumption/investment indicators in April decreased together for the first time in three months since January. Industrial production decreased by 0.8p as the impact of the US tariffs became visible.