Arab Today, arab today s korea sees investment continue to decline
Last Updated : GMT 02:28:27
Arab Today, arab today
Arab Today, arab today

S Korea sees investment continue to decline

Arab Today, arab today

Arab Today, arab today S Korea sees investment continue to decline

Seoul - Agencie

South Korea saw its facility investment continue to decline as local firms were reluctant to spend capital amid concerns over external uncertainties, a state- run think tank said Thursday. \"Our export slump eased and consumption improved more or less, but investment showed continued sluggishness,\" the Korea Development Institute (KDI) said in its monthly report on economic conditions. Economic indicators recently showed better picture compared with the previous month. Production in mining and manufacturing sectors grew 0.8 percent in September thanks to a rise in auto output. Growth for the service industry posted a relatively high level of 0.7 percent. Private consumption expanded 2.5 percent in September, turning around from a 0.4 percent reduction in the previous month, but consumer confidence index came in at 98 in October, falling below the benchmark level of 100 and keeping its downward trend for five straight months. Facility investment tumbled 8.2 percent in September, compared with a 14.2 percent plunge in August, but maintained its downward trend as domestic companies hesitated to invest in facilities amid worries about the external uncertainties such as the eurozone crisis and the possible U.S. fiscal cliff. Exports, which account for around half of the South Korean economy, increased 1.2 percent in October, the first increase in four months, but the local currency continued to appreciate against the U.S. dollar, raising worries that local exporters may face weaker price competitiveness amid the stronger won. Quantitative easing by central banks in major economies caused the won appreciation against the greenback, the think tank added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea sees investment continue to decline Arab Today, arab today s korea sees investment continue to decline

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea sees investment continue to decline Arab Today, arab today s korea sees investment continue to decline

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday