Seoul, Aug 30 (IANS): South Korea's industrial output grew last month due to a solid production increase in the construction sector, offsetting declines in the manufacturing and service industries, a government report showed Friday.
Production in all industries, including manufacturing, service, construction and public administration, rose 0.3 percent in July from a month earlier, Xinhua reported citing Statistics Korea.
It was the first growth in three months.
Output in the manufacturing and service industries reduced due to a rise in rainy days, but it was relieved by a gain in production of the construction sector.
"Rising rainy days curbed consumption during the rainy season, but solid exports bolstered production," said Kim Jong-soo, an economist at NH Investment and Securities.