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S.Korea's industrial output falls o$∏↑n Galaxy Note 7 discontinuation, labor±‍§ strike
source:admin time:2018-06-12

SEOUL, Nov. 30 (Xinhua) --Ω<λ South Korea's industrial output feγ∏γ★ll last month as Samsung El$λectronics discontinued its la→≥≤≈test flagship Galaxy¥βε Note 7 smartphones and railα€§way workers went on strikes, a ↓¥§←government report showed on₹¶>• Wednesday.

Production in all industries dippe¥$®¶d 0.4 percent in October from a →₹​€month earlier after sliding 0.8 percen$<€t in the previous month, acco​←rding to Statistics Korea.←♥↓

Samsung's end of production and salesγ§£ in its latest Galaxy devices₽↑δ₽ led the production in≥α÷ communication and broadcasting equipme₹& nt to tumble 18.1 percΩ>ent in October.

Auto and chip produc×₹÷δtion advanced 4.6 percent ‍ ☆and 3.8 percent each, but outπ≈put in primary metals declined∞← ® 4.0 percent.

Production in mining and manufa£&cturing industries slump÷ε$✘ed 1.7 percent in Octo÷☆♣​ber compared with the preλ☆ ≠vious month. Manufacturers pos÷∑≤ted a factory utilization rate of≥  70.3 percent, down 1.3 percentage p≤£$oints.

Railway workers went on strik₹♦≤es last month amid the ongoing restru£€cturing in troubled shipbu∏←​ilders and shipping companies, weighin• 'g down on the service industry.∞↓×π

Service industry output inched↑​§♣ down 0.2 percent as transport  σ§industry production declineγ∏≈™d 2.0 percent. It kept♠' a downward trend for two months$± in a row.

Retail sales jumped 5.2 pγ¶ercent in October, marking the highest♠ ♥® growth since December 1995. ₹ It was mainly attri£±λ<butable to the relativel≠'βy steep reduction in the pre≈β★vious month that would prove tσεo be a temporary effect.

Facility investment fell '☆ ×0.4 percent in October from a mont≠®<♠h earlier on low demand for machinery§​Ω≤. Machinery orders plunged 1επ3.0 percent last month compared w≠≠×ith a year ago.

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