Korea’s Current Account Surplus Drops Sharply; Korean Exporters' Sentiment Declining; Korea's Industrial Output Shrinks

From Yonhap:

South Korea's current account surplus hit a seven-month low in August as export growth slowed down amid heightened global economic uncertainty, the central bank said Thursday.

The current account surplus reached US$401.3 million in August, down from a revised $3.77 billion the previous month, according to the Bank of Korea (BOK). The current account is the broadest measure of cross-border trade.

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From Yonhap:

A majority of South Korean companies expect their exports to decline in the fourth quarter mainly due to a slowdown in leading economies, a poll showed Thursday.

The export business survey index (EBSI) came in at 89.8 for the October-December period, down 18.2 from the current quarter, according to the poll of 1,024 companies by the Korea International Trade Association (KITA).

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Update:

From Yonhap:

South Korea's industrial output shrank for the second straight month in August amid growing uncertainties surrounding global market situations, a government report showed Friday.

According to the report by Statistics Korea, production in the mining and manufacturing industries fell 1.9 percent last month from July, following the previous month's 0.3 percent contraction.

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