South Korea August factory output falls; Oct rate cut seen

South Korea’s industrial output contracted sequentially for the third consecutive month in August, highlighting weak momentum in the third quarter and putting the Bank of Korea under pressure to produce a convincing policy response.

Though August output was likely hurt by labour strife at local car manufacturers and by typhoons, the numbers suggested growth could slow or stall in the third quarter as the ongoing euro zone debt crisis undermines both exports and domestic demand.

via Business feed http://www.scmp.com/business/economy/article/1049386/south-korea-august-factory-output-falls-oct-rate-cut-seen