ID :
22064
Wed, 10/01/2008 - 15:45
Auther :
Shortlink :
http://m.oananews.org//node/22064
The shortlink copeid
S. Korea's industrial output growth slumps in August
SEOUL, Sept. 30 (Yonhap) -- South Korea's industrial output grew at a much slower pace in August amid sluggish domestic demand and spreading concerns over a global slowdown, a government report showed Tuesday.
According to the report by the National Statistical Office (NSO), industrial
production expanded 1.9 percent last month from a year earlier, sharply slowing
from an 8.6 percent on-year advance in July.
Production growth stayed in the single digits for a fourth consecutive month
since May when it fell to 8.6 percent.
The August figure is far below a median estimate of 6.7 percent 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 expanded 1.9 percent last month from a year earlier, sharply slowing
from an 8.6 percent on-year advance in July.
Production growth stayed in the single digits for a fourth consecutive month
since May when it fell to 8.6 percent.
The August figure is far below a median estimate of 6.7 percent in a poll
conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency.
