Korea's industrial output falls for second month in August

Korea's industrial output fell in August for a second month in a row, data showed Friday, amid weakening growth momentum over deepening external uncertainties.

Industrial production declined 0.3 percent on-month in August, following a 0.1 percent on-month decrease the previous month, according to the data from Statistics Korea.

Compared with a year earlier, industrial production grew 4.5 percent.

Retail sales, a gauge of private spending, however, rose 4.3 percent in August, ending five consecutive months of an on-month fall.

Facility investment also jumped 8.8 percent on-month last month, compared with a 3.5 percent on-month drop the previous month, the data showed.

Yonhap