S. Korea's industrial output growth slows to 11.6% in March

S. Korea’s industrial output growth slows to 11.6% in March

The growth in South Korea's industrial output regressed to 11.6% in March after an increase of 16.9% recorded in February. The overall economic indicators remained positive, thanks to increasing exports. Strong exports contributed to the growth of output in March, but investment and consumption slowed due to heavy snow. The wholesale and retail sales, the main indicator of local spending, decreased by 2.1% in March compared to February. Furthermore, investments of plant and equipment declined by 6.8% in March compared to 2.1% growth in the previous month.