According to the report by Statistics Korea, production in the mining and manufacturing industries expanded 4.8 percent last month from a year earlier. The July figure marked straight output growth from July 2009 onwards.
The output, however, shrank 1.9 percent compared with a month earlier, marking the second consecutive on-month contraction, following a 0.3 percent decline tallied in July, the report showed.
Source: Yonhap News (Sept.30, 2011)