(MENAFN) A government report showed that South Korea's industrial output slowed to the lowest level in 22 months in January on a fall in auto and machinery production, Xinhua reported.
Weak industrial activities in addition to the sluggish exports are expected to put pressure on the country's central bank to cut its benchmark interest rate further from the record low level.
According to Statistics Korea, production in all industries, including manufacturing, services, construction and public administration, dropped 1.7 percent over a month ago.
The industrial activity fluctuated between gains and declines, recording a 0.7 percent drop in September, a 0.4 percent growth in October, a 0.1 percent drop in November and a 1.3 percent rise in December.
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