Fall in Korean Exports Moderates in Hopeful Sign for Economy
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South Korea’s trade data indicated the trend toward declining exports moderated further in the first part of September, raising hopes for a return to growth later this year.
Daily shipments decreased 7.9% on average in the first 20 days of the month compared with a year earlier, the customs office said Thursday. That’s a smaller drop than the 8.3% decline for the full month of August. Total exports advanced 9.8%, as there were more working days compared with the same period last year.