South Korea's industrial output expands

Last Updated: Fri, Dec 28, 2012 07:50 hrs

Seoul, Dec 28 (IANS) South Korea's industrial output expanded 1.8 percent last month from a year earlier, hinting that export recovery boosted production in the manufacturing sector, a government report showed Friday.

All-industry index, which gauges overall industrial activities, stood at 132.7 in November, up 1.8 percent from a year before, according to Statistics Korea.

The figure was a rebound from a 0.5 percent contraction in the previous month, reported Xinhua.

From a month earlier, the index rose 1.1 percent last month, rebounding from a 0.3 percent fall for October.

Output in the mining, manufacturing and electricity and gas sectors expanded 2.9 percent in November from a year before, with the production increasing 2.3 percent on an on-month basis.

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