South Korea's industrial output falls on global slowdown

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Source: Bloomberg
South Korea's industrial output slid for a second consecutive month in July as global downturn impairs growth is Asia's fourth-biggest economy. Production declined 1.6% from June, when it fell 0.6%, Statistics Korea reported. Manufacturer's confidence is close to the lowest level since the global financial crisis as a slowdown in China's economy and European austerity measures curb exports. 
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