ID :
32825
Fri, 11/28/2008 - 19:11
Auther :
Shortlink :
https://www.oananews.org//node/32825
The shortlink copeid
S. Korea's industrial output shrinks 2.4 pct in October
SEOUL, Nov. 28 (Yonhap) -- South Korea's industrial output fell for the first time in 13 months in October amid sluggish domestic demand and spreading concerns over a global slowdown, a government report showed Friday.
According to the report by the National Statistical Office (NSO), industrial
production shrank 2.4 percent last month from a year earlier, sharply slowing
from a 6.2 percent on-year advance in September. This marked the first decline
since the output contracted 3.1 percent in September 2007.
The October figure is far below a median estimate of a 0.5 percent growth in a
poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency.
According to the report by the National Statistical Office (NSO), industrial
production shrank 2.4 percent last month from a year earlier, sharply slowing
from a 6.2 percent on-year advance in September. This marked the first decline
since the output contracted 3.1 percent in September 2007.
The October figure is far below a median estimate of a 0.5 percent growth in a
poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency.
