South Korea's Industrial Output Shrinks 2.1 PCT in September

(MENAFN- Qatar News Agency) South Korea's industrial output shrank in September from a month earlier, raising worries that the economy might be losing its recovery momentum, a government report showed Wednesday. According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries fell 2.1 percent last month from a month earlier, a turnaround from a revised 1.6 percent gain in August From a year earlier, the output also contracted 3.6 percent The service sector production inched up 0.3 percent on-month in September but dropped 0.3 percent compared with a year earlier, the report showed.