S Korea's inventory-shipment ratio hits 10-year high in October
www.chinaview.cn 2008-12-15
SEOUL, Dec. 15 (Xinhua) -- South Korea's manufacturing inventory-shipment ratio hit a 10-year high in October indicating a drop in both domestic and overseas demand, a government report said Monday.
According to the National Statistical office (NSO), the ratio increased 17.6 percent from a year ago, posting 1.187 in October, the highest since 1.214 tallied for February, 1999.
After reaching 1.078 in June, the ratio has been steadily rising due to slowdown in the global economy, the NSO said. In September, the ratio stood at 1.151.
The figure came out as South Korean firms struggle to sell products as consumers around the world have tightened their consumption in the wake of a liquidity crunch and overall uncertainties about the future.
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1 comment:
Flattery will get you everywhere! Actually I am quite happy to hear that!
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