Consumption in S. Korea down 0.9% in October, first drop in 3 months

Arirang News 2020-11-30

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10월 소비 0.9%↓, 석달만에 감소…생산은 0.0% 보합

Statistics Korea today released a tranche of new data on the economy.
The report shows consumers spent less in October than they did the month before the first decline in three months.
Consumption fell nine tenths of a percent, the decline led by food and beverages and home appliances.
Overall industrial production across all sectors was the same as the month before.
Production in the services rose one-point-two percent... thanks to the easing of social distancing in October.
Production in manufacturing declined by 1-point-3 percent.

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