In April 2025, South Korea saw a slight improvement in its service sector, as the output decline narrowed to -0.1%, according to the latest data update on May 29, 2025. This marks an improvement from March, where the service sector output stood at a negative -0.3%.
The month-over-month comparison indicates that while the service sector is still experiencing a downturn, the rate of decline has slowed, suggesting early signs of stabilization. The transition from March's -0.3% to April's -0.1% implies recovery efforts might be finding some traction, offering a hopeful outlook for the upcoming months.
This adjustment in output aligns with broader economic recovery strategies being implemented in the region, and stakeholders will be keen to observe whether this positive trend continues in the subsequent months. As South Korea navigates global economic fluctuations, a stabilized service sector remains crucial for sustained economic growth.
