South Korea Export Prices Ease 0.2% In September



Export prices in South Korea were down 0.2 percent on month in September, the Bank of Korea said on Wednesday, following the 0.2 gain in August. On a yearly basis, export prices fell 6.5 percent after losing 8.6 percent in the previous month. Individually, prices for exports of manufacturing products fell 0.2 percent on month and 6.6 percent on year, while prices for agricultural products tumbled 1.3 percent on month and 1.8 percent on year. Import prices lost 1.2 percent on month in September after shedding 0.8 percent in August. On a yearly basis, import prices tumbled 8.8 percent after dropping 9.9 percent a month earlier. Prices for raw materials lost 2.6 percent on month and 12.7 percent on year, while prices for capital goods dipped 0.6 percent on month and 6.7 percent on year.


News are provided by InstaForex.