SEOUL (Reuters) – South Korea’s retail sales fell for a third straight month in November, government data showed on Thursday, and were set to end the last quarter of 2022 with losses, reversing gains in the third quarter.
The country’s retail sales fell 1.8% in November, on a seasonally adjusted monthly basis, following a 0.2% loss in October and 2.0% fall in September, according to Statistics Korea.
The output for the services sector decreased 0.6%, after falling 1.1% and 0.1% in October and September, respectively.
In the manufacturing sector, the output edged up by 0.4%, after four straight months of losses, although it posted the worst drop in 2-1/2 years of 3.7% on a year-on-year basis.
(Reporting by Jihoon Lee; Editing by Chris Reese)
