ID :
38019
Tue, 12/30/2008 - 14:25
Auther :
Shortlink :
http://m.oananews.org//node/38019
The shortlink copeid
S. Korea's industrial output plunges 14.1 pct in Nov.
SEOUL, Dec. 30 (Yonhap) -- South Korea's industrial output fell at the fastest rate ever in November amid growing concerns that anemic domestic demand and exports could drag the nation's economy into a recession, a government report showed Tuesday.
According to the report by the National Statistical Office (NSO), industrial
production shrank 14.1 percent last month from a year earlier, further slumping
from a 2.3 percent on-year decline in October. This marked the sharpest fall in
history since related data started to be compiled in January 1970.
The November figure is far below a median estimate of a 5.5 percent slide in a
poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency.
(END)
According to the report by the National Statistical Office (NSO), industrial
production shrank 14.1 percent last month from a year earlier, further slumping
from a 2.3 percent on-year decline in October. This marked the sharpest fall in
history since related data started to be compiled in January 1970.
The November figure is far below a median estimate of a 5.5 percent slide in a
poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency.
(END)
