(MENAFN) South Korea's overall economic condition remains weak despite some signs of improvement in the equipment and housing investment areas, Yonhap News reported.
The Korea Development Institute (KDI) said that while many indicators remained mixed, domestic machinery and housing construction orders both moved upwards.
The KDI said the marginal 0.7 percent on-month growth in industrial output in January is a sign that economic weakness persists. This is down from 2.1 percent growth logged in December.
A sharp fall in petroleum-related products was the main cause of weak consumer prices, since core inflation grew 2 percent on-year. This view is the same as those forwarded by the government.
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