Korea Industrial Production Slides as Europe Hits Exports
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South Korea’s industrial production fell for a second month in July as a global slowdown undermines growth in Asia’s fourth-largest economy.
Output fell 1.6 percent from June when it dropped 0.6 percent, Statistics Korea said today. The median estimate of 12 economists in a Bloomberg News survey was for a 0.9 percent decline. Production rose 0.3 percent from a year earlier.