South Korean factory output decreased last month on the
weaker demand in the country. The output declined by 0.4% in November on a monthly
basis, beating the expectations of analysts. Spending on construction and
equipment eyed the biggest decrease. Experts claim the global downturn and high
debts of the households severely impacted many businesses. The Bank of Korea's manufacturer's
outlook index decreased from 83 this month to 79 in January.
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