Industrial output dips most in over 1 year in April; inventories at record high
May 31, 2023
SEJONG-- South Korea's industrial output dropped by the most in over a year in April due to an extended slump in the chipmaking sector, data showed Wednesday, with the inventory level at a fresh high. Industrial output dropped 1.4 percent on-month last month, snapping two consecutive months of gains, and marked the sharpest drop since a 1.5 percent fall in February last year, according to the data from Statistics Korea. The output in the mining, manufacturing, gas, and electricity industr