Factory output suffered its second-largest drop in the last five years in June as trade tensions and a slowdown in the global economy dragged exports lower for a seventh straight month.

Unemployment, by contrast, fell to its lowest level in about 26 years.

Industrial production dropped 3.6 percent from a month earlier, pulled down by lower output of autos and flat panels, according to the economy ministry. The fall was more than twice the amount economists had forecast and pushed output to its lowest level since January 2017.