S.Korea's April factory output shrinks most in 2 yrs, service output expands - Reuters

Workers walk past a construction site in Seoul, South Korea, October 2, 2018. REUTERS/Kim Hong-Ji

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SEOUL, May 31 (Reuters) - South Korea's April factory output shrank by the most in nearly two years, though the service sector held firm, government data showed on Tuesday.

Industrial production in April decreased by a seasonally-adjusted 3.3% from a month earlier, shrinking for the first time in seven months and marking the biggest decline since May 2020.

Meanwhile, service sector output rose 1.4%, extending gains to a second straight month.

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Reporting by Jihoon Lee; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

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S.Korea's April factory output shrinks most in 2 yrs, service output expands - Reuters
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