South Korea November exports have plunged, -14% y/y (expected -11%)<p>Terrible export data from South Korea for November, worse than expect. </p><p>Exports -14% y/y</p><ul><li>expected -11%, prior -5.7%</li><li>exports to China collapsed to +25.5% y/y in November </li><li>semiconductor exports worse again, -29.8% y/y </li></ul><p>Imports +2.7% y/y</p><ul><li>expected +0.2%, prior +9.9%</li></ul><p>---</p><p>I posted yesterday that:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-china-pmis-collapse-further-into-contraction-20221130/" target="_blank" rel="follow">South Korea is often viewed as a leading indicator for the global economy</a></li></ul><p>That was in reference to the plunge in industrial output, this export data won't doo too much to soothe that concern.</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: South Korea November exports have plunged, -14% y/y (expected -11%) (https://forexlive.com/news/south-korea-november-exports-have-plunged-14-yy-expected-11-20221201/https://forexlive.com/news/south-korea-november-exports-have-plunged-14-yy-expected-11-20221201/)
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