South Korea’s industrial output and retail sales decline in April

South Korea’s industrial output and retail sales decline in April

Seoul : South Korea’s industrial production, retail sales, and facility investment declined in April compared to March, according to official data. Industrial output dropped by 0.8%, driven by a 0.9% contraction in the manufacturing sector. Retail sales, a key indicator of private consumption, dropped by 0.9%, while facility investment declined by 0.4%. The Korean Statistical Information Service noted that this simultaneous drop across the three…