SEOUL (REUTERS) - South Korea's factory activity in September shrank at the slowest pace in eight months, a private survey showed on Monday (Oct 5), adding to signs that global demand is improving although second waves of coronavirus infections remain a threat to the economic recovery.. Read more at straitstimes.com.
SEOUL - South Korea's factory activity in September shrank at the slowest pace in eight months, a private survey showed on Monday , adding to signs that global demand is improving although second waves of coronavirus infections remain a threat to the economic recovery.
"September data was encouraging ... Output returned to growth amid signs of improving demand conditions and some reports of the reopening of client businesses," said Shreeya Patel, economist at IHS Markit. At home, new virus clusters emerged at a church and a major political rally in August, leading to more than 1,800 infections and unprecedented social distancing measures.
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