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[THE INVESTOR] South Korea’s industrial output swung back to growth in May on the back of increased production in chips and petroleum products, a government report showed on June 30.
According to Statistics Korea, total output increased by 1.7 percent from April, reaching an all-time high in 15 months. It jumped 4.8 percent from May 2015.
According to Statistics Korea, total output increased by 1.7 percent from April, reaching an all-time high in 15 months. It jumped 4.8 percent from May 2015.
The mining, manufacturing, gas and electricity industries led the increase, logging an output growth of 4.3 percent last month from a year ago. It gained 2.5 percent from a month earlier. The May figure represents an improvement from 0.5 percent and 2.6 percent on-year drops in March and April, respectively.
Production in the service industry also jumped 3.4 percent from a year earlier and went up 0.1 percent on-month.
By Ahn Sung-mi (sahn@heraldcorp.com)
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