Industrial output inches down, but domestic demand grows in June

South Korea's industrial output fell for the second consecutive month in June, but retail sales and facility investment rebounded, data showed Wednesday. Industrial output inched down 0.1 percent on-month in June, following a 0.8 percent fall a month earlier, according to data compiled by Statistics Korea. In an on-year term, industrial production added 0.5 percent in June. Retail sales, a gauge of private spending, advanced 1 percent on-month on rising demand for automobiles and other durable goods. It marked the first on-month growth since March, though retail sales fell 3.6 percent in June compared with a year earlier. Facility investment climbed 4.3 percent from a month earlier in June, rebounding from a 3.6 percent decline the previous month, the data showed. Source: Yonhap News Agency