CCTV.com - CNTV English - CCTV News

S. Korea data points to downturn

12-29-2011 14:17 BJT

South Korea factory output unexpectedly shrank and imports fell sharply in November, signaling Asia's fourth-largest economy is feeling the chill from an anemic global demand.

Data shows industrial output fell by a seasonally adjusted 0.4 percent last month. That marks its fourth decline in five months, and widely missing market expectations for a modest recovery from a fall in October.

Meanwhile, separate data from the central bank shows the country’s current account surplus more than doubled from October to a record of nearly 5 billion U.S. dollars in November. That’s in light of imports in November falling by a seasonally adjusted 6 percent from the previous month, the sharpest decline since Mid-2008.

Analysts say these indicators could drag sentiment further down for the South Korean economy.

 

Editor:Zhang Rui |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program