South korea: South Korea's industrial production expanded from a month earlier in September, while retail sales lost ground for the second consecutive month, data showed Friday. Industrial production went up 1 percent last month compared with the previous month, marking a positive shift in the country's manufacturing and production sectors.
According to Yonhap News Agency, the data from the Ministry of Data and Statistics also revealed that retail sales, a gauge of private spending, inched down 0.1 percent on-month. This decline in retail sales follows a similar pattern from the previous month, indicating a continued decrease in consumer spending.
Additionally, facility investment saw a significant increase, jumping 12.7 percent and rebounding from an on-month decline in August. This surge in investment suggests a renewed commitment to expanding production capacities and upgrading facilities within the industrial sector.