SEOUL: South Korea’s industrial output slipped 0.4 percent in March from a month earlier, due to a dip in the production of electronic parts and metal products, government data showed Thursday.
Statistics Korea said the March output appeared relatively weak due to a strong showing in February when it grew 2.6 percent on-month, mainly thanks to consumer demand over the Lunar New Year holiday.
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Increased production of key electronic parts, especially LCD screens, in overseas plants, also led to a reduction in domestic industrial output, it said.
Compared with a year earlier, the industrial output including production in the mining, manufacturing, gas and electricity industries was down 0.1 percent, Statistics Korea said.Production in the service sector also fell 0.4 percent from February but moved up 3.1 percent from a year earlier.
