FINANCE MINISTRY OMITS WORD "SLUGGISH" FROM ITS MONTHLY GREEN BOOK

South Korea's Finance ministry released its monthly assessement of local economic conditions... and it has removed the word "sluggish" in describing the local Economy.
Kim Hyesung reports.
The Ministry of Economy and Finance has omitted the word "sluggish" from its monthly Green Book report for the first time in eight months.
It said in the third quarter, the Korean economy has been supported by growth in production and consumption, but that a decrease in exports and construction investment hinders growth.
Manufacturing production went up two percent on-month in September while services production went down 1-point-two percent.
Facilities investment increased near three percent on-month in September thanks to higher investment in machinery and equipment.
But construction investment fell by about three percent.
Exports continued to fall for the 11th consecutive month in October on slowing global trade and falling chip prices, dropping near 15 percent on-year.
In its November monthly Green Book, the finance ministry said the job market is on a recovery path, with the number of newly added jobs on the rise.
Korea added 419-thousand new jobs on-year in October, adding more than 300-thousand new jobs for the third consecutive month thanks to new jobs in health and social welfare for those above 60.
The unemployment rate also fell to three percent.
Externally, the finance ministry said the global economy is slowing down with ongoing uncertainties over the U.S.-China trade dispute and Japan's export restrictions on South Korea.
It said it will strive to manage risks including Japan's export curbs, and use its resources to help boost private consumption.
Kim Hyesung, Arirang News.



Source: Arirang News
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China: China , officially the People's Republic of China , is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[
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Japan: Japan idpn is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mea
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South Korea: South Korea , officially the Republic of Korea , is a country in East Asia, constituting the southern part of the Korean Peninsula. The name Korea is derived from Goryeo, a dynasty which ruled in the Middle Ages. It shares land borders with North Korea to the north, and oversea borders with China to
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Finance: Finance is the science[citation needed] of funds management, or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency
Economy: An economy is the total sum of product and service transactions of value between two agents in a region, be it individuals, organizations or states. An economy consists of the economic system, comprising the production, distribution or trade, and consumption of limited goods and services between two
Book: A book is a set of written, printed, illustrated, or blank sheets, made of ink, paper, parchment, or other materials, usually fastened together to hinge at one side. A single sheet within a book is called a leaf, and each side of a leaf is called a page. A set of text-filled or illustrated pages pro
Green: Green is the color of growing grass and leaves, of emeralds, and of jade. In the continuum of colors of visible light, it is located between yellow and blue. It is also one of three primary additive colors, along with red and blue, which, combined in different combinations on a computer or televisi
September: September is the ninth month of the year in the Julian and Gregorian Calendars and one of four months with a length of 30 days.
October: October is the tenth month of the year in the Julian and Gregorian Calendars and one of seven months with a length of 31 days. The eighth month in the old Roman calendar, October retained its name after January and February were inserted into the calendar that had originally been created by the Ro
Manufacturing: Manufacturing is the production of goods for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials a