By Jihoon Lee SEOUL (Reuters) - South Korea's factory activity weakened at a faster pace in August, extending its longest-ever slump by another month ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSEOUL - South Korea's factory activity weakened at a faster pace in August, extending its longest-ever slump by another month as export orders fell again, a private business survey showed on Friday.
Sub-indexes showed new export orders swung back to contraction, after their first increase in 17 months in July, keeping overall orders and output in contractionary territory for 14 months and 16 months, respectively. "The current downturns in output and new work are the longest in the survey history, although much less severe than those registered during the pandemic and global financial crisis."
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