Industrial output down 1.6 pct in Dec.

▲ This file photo taken Jan. 1, 2023, shows a production line of POSCO, South Korea's top steelmaker, in Pohang, 272 kilometers southeast of Seoul. (Yonhap)

industrial output-December tally

Industrial output down 1.6 pct in Dec.

SEOUL, Jan. 31 (Yonhap) -- South Korea's industrial output fell 1.6 percent on-month in December, data showed Tuesday, as the manufacturing sector remained sluggish amid weak exports.

Industrial production decreased at the widest margin in 32 months, shifting from a 0.4 percent rebound posted in November, according to the data from Statistics Korea.

Retail sales, a gauge of private spending, moved up 1.4 percent over the period.

Facility investment dropped 7.1 percent on-month in December, the data also showed.

For all of 2022, the country's industrial output advanced 3.3 percent on-year.

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