29 Dec '11, 6am

S. #Korea industrial output unexpectedly falls - #manufacturing

S. #Korea industrial output unexpectedly falls - #manufacturing

SEOUL: South Korea's industrial production suffered a surprise fall in November as a global economic downturn curbed demand for electronics and other key products, official data showed Thursday. Output declined 0.4 percent from the previous month, after a 0.6 percent fall in October, the Statistics Korea government agency reported. The November figure missed the median forecast of a 0.4-percent gain predicted by a Dow Jones Newswires poll of economists. On a year-on-year basis, production growth slowed to 5.6 percent, from 6.3 percent in October, the government said. South Korea's export-dependent economy is feeling the squeeze from the reverberations of the eurozone debt crisis and shaky US economy. The government said supply chain disruptions caused by months of flooding in Thailand had also affected production. The data indicated South Korea's economy is heading for a "...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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