In October, industrial production, consumption, and investment indicators declined simultaneously for the first time in five months.
According to the October industrial activity trends released by Statistics Korea, the all-industry production index stood at 113.0, a decrease of 0.3% from the previous month.
Construction production fell by 4%, marking a six-month consecutive decline, while service production rose by 0.3%, reversing a decline from the previous month.
The retail sales index, a gauge of goods consumption, decreased by 0.4%, continuing its decline for the second consecutive month. Facility investment dropped by 5.8%, marking the largest decline since January.
Statistics Korea stated that while the manufacturing and service industries remain robust, the construction sector faces challenges, indicating that domestic demand recovery is slow.