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Seoul's Industrial Production Dips Amid National Growth

5/14/2025

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Summary

Story summary

Seoul's industrial production decreased by 2.1% year-on-year in Q1, impacted by declines in electricity, food, and machinery sectors.
Nationally, industrial output increased by 2.4%, driven by growth in semiconductors and pharmaceuticals.
Retail sales in Seoul fell by 2.1%, while service output rose by 1.2%, achieving 19 consecutive quarters of growth.
Exports decreased in 10 out of 17 regions, with Busan experiencing a 3.1% decline in shipments.

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Story summary

Seoul's industrial production decreased by 2.1% year-on-year in Q1, impacted by declines in electricity, food, and machinery sectors.
Nationally, industrial output increased by 2.4%, driven by growth in semiconductors and pharmaceuticals.
Retail sales in Seoul fell by 2.1%, while service output rose by 1.2%, achieving 19 consecutive quarters of growth.
Exports decreased in 10 out of 17 regions, with Busan experiencing a 3.1% decline in shipments.