By Jihoon Lee SEOUL (Reuters) - South Korea's factory activity shrank in September at the mildest pace in 15 months, as the decline in output and ...
NS fans turn up for Crosby's homecoming | SaltWireSEOUL - South Korea's factory activity shrank in September at the mildest pace in 15 months, as the decline in output and orders softened, a private business survey showed on Wednesday, providing hopeful signs for a turn in economic fortunes.
"The health of the South Korean manufacturing sector was broadly stable at the end of the third quarter of the year," said Usamah Bhatti, economist at S&P Global Market Intelligence.The survey result comes as South Korea's exports slowed their fall in September with the softest decline in a yearlong downturn in a hopeful sign for recovery momentum.
Highlighting one of big challenges facing South Korea, new export orders dropped by the most in three months amid weak demand from key markets for manufactured goods, notably China, Japan and the United States, according to the survey.
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