South Korea's industrial output plunged 14.1 percent in November from a year earlier, dropping at the fastest pace in history amid growing concerns over worsening economic conditions, a government report showed Tuesday.
According to the report by the National Statistical Office (NSO), industrial production further shrunk from a 2.3 percent decline in October, marking the sharpest fall since related data started to be compiled in January 1970.
Worse-than-expected output figures come as South Korea's economy is showing signs of a marked slowdown.
South Korean economy grew 0.5 percent in the third quarter from the previous three months, the slowest pace in four years, the data by the central bank showed.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article