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Industrial output fell 0.8% in April despite strong domestic consumption

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4월 생산활동 0.8% 감소,... 제조업 소비 부진 원인 Korea's overall industrial output fell on-month in April for the first time in three months. Making matters worse,... it dropped at its fastest pace since July of last year. Shin Se-min reports. Statistics Korea says the nation's industrial output went down zero-point-eight percent in April from the month before,… logging the fastest pace of decline in nine months. It comes as overall output had been showing signs of a pickup in February and March after it dropped in January. Production by Korea's mining, manufacturing, gas and electricity sectors dropped two-point-eight percent in April from the same month last year,… with industrial output in those sectors retreating one-point-three percent on-month. Sputtering auto production that plunged eight-point-seven percent on-year, as well falling output in the electronics parts and display sectors played a big part in the overall fall. Statistics Korea says a jump in production in the semiconductor and petroleum industries worked to offset what would've otherwise been a much bigger decline. But it's not all doom and gloom. Domestic consumption expanded last month,… increasing four-point-two percent on the back of robust sales of durable and non-durable goods like automobiles and cosmetics. "Domestic demand is good at this time,… and the improved Leading Composite Index indicates the economy will pick up smooth recovery momentum in the future." Production in the service sector grew over two-percent on-year and half-a-percent on-month thanks to the steady stream of Chinese tourists vacationing in Korea. Shin Se-min, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld