ID :
48437
Mon, 03/02/2009 - 13:19
Auther :
Shortlink :
https://www.oananews.org//node/48437
The shortlink copeid
S. Korea's industrial output sinks record 25.6 pct in Jan.
SEOUL, March 2 (Yonhap) -- South Korea's industrial output contracted at the sharpest pace on record in January, adding to concerns that the nation's economy is slipping into a recession at a faster pace than has been expected, a government report showed Monday.
According to the report by the National Statistical Office (NSO), production in
the mining and manufacturing sectors shrank 25.6 percent in January from a year
earlier, compared with a revised 18.7 percent on-year decline in December.
The January contraction is the worst ever since related data began to be compiled
in January 1970. This is also higher than a median estimate of a 24.9 percent
decline 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), production in
the mining and manufacturing sectors shrank 25.6 percent in January from a year
earlier, compared with a revised 18.7 percent on-year decline in December.
The January contraction is the worst ever since related data began to be compiled
in January 1970. This is also higher than a median estimate of a 24.9 percent
decline in a poll conducted by Yonhap Infomax, the financial news arm of Yonhap
News Agency.
