South Korea's industrial output, private spending and investment rose for a second consecutive month in June amid an economic slowdown, data showed Friday.
The country's industrial output increased 0.1 percent in June from a month earlier, according to the data from Statistics Korea.
But the June growth slowed from a 1.1 percent on-month rise tallied in May.
The output in the mining, manufacturing, gas and electricity industries decreased 1 percent due to a slump in the automobile industry, which fell 12.9 percent.
The decrease, however, was limited on the back of increased output in the semiconductor industry, the backbone of Asia's No. 4 economy, which increased 3.6 percent, the data showed.
The inventory of semiconductor products moved down 12.3 percent on-month in June, with their shipments advancing 41.1 percent, the data also showed.
In June, exports of chips reached $8.9 billion, the highest monthly figure so far for 2023.
The service output added 0.5 percent on-month in June on the back of the finance and insurance sector, although the health care and social welfare sector saw its output fall 1.4 percent.
Retail sales, a gauge of private spending, increased 1 percent over the period, as people spent more on durable goods, including eco-friendly automobiles, with the segment rising 4.7 percent.
Facility investment also climbed 0.2 percent on gains in the automobile sector, according to the data.
"(The latest data) has reaffirmed the recovery trend in the GDP during the second quarter announced this week," First Vice Finance Minister Bang Ki-sun said during a meeting with related ministries.
Earlier this week, the Bank of Korea said South Korea's real gross domestic product -- a key measure of economic growth -- increased 0.6 percent on-quarter in the April-June period, accelerating from a 0.3 percent expansion in the first quarter.
Source: Yonhap News Agency