Bloomberg News

South Korea Says Some Economic Indicators Show Weakness

November 07, 2011

Nov. 8 (Bloomberg) -- Some of South Korea’s economic indicators show weakness as concern persists that the European debt crisis and a possible slowdown in major economies will sap demand, the finance ministry said.

Industrial output, export growth, facility investment and job creation have been weak, the ministry said in its monthly economic assessment today. At the same time, inflation risks remain and the government will step up policy efforts to stabilize prices while supporting economic growth, it said.

The nation’s exports increased at the slowest pace in two years last month, according to government data. Its economy grew 0.7 percent last quarter from the three months through June, when it expanded 0.9 percent, the central bank said last month.

--Editors: Ken McCallum, Brendan Murray

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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