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S.Korea Oct Exports Post Worst Drop in Over 6 Yrs as Global Demand Sags
Friday, November 6, 2015 6:42
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from Reuters.com
SEOUL, Nov 1 (Reuters) – South Korean exports slumped the most in more than six years in October, with hefty drops in shipments to China, the United States and Europe suggesting a further weakening in global demand.
The trade ministry attributed the declines mainly to a sharp fall in ship contracts and low oil prices, but the sharper-than-expected deterioration is likely to add to fears that a deeper chill is settling over the international economy.
Exports fell 15.8 percent on-year to $43.5 billion in October, their 10th straight month of declines and the sharpest fall since August 2009, trade ministry data showed on Sunday.
Imports slumped 16.6 percent to $36.8 billion.
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Source: http://financialsurvivalnetwork.com/2015/11/s-korea-oct-exports-post-worst-drop-in-over-6-yrs-as-global-demand-sags/?utm_source=rss&utm_medium=rss&utm_campaign=s-korea-oct-exports-post-worst-drop-in-over-6-yrs-as-global-demand-sags
