Industrial output falls by most in four years in March

Industrial output declined 2.1% in March from a month earlier, the first fall since October. — Reuters

SEOUL: South Korea’s industrial output logged the sharpest fall in about four years after four months of monthly gains in March on falling manufacturing production, data shows.

Retail sales, however, rebounded on rising demand for food and vehicles, among other items, amid concerns about weak domestic demand, according to the data compiled by Statistics Korea.