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S. Korea's food, agriculture exports shrink in Nov.

SEJONG, Dec. 17 (Yonhap) -- South Korea's food and agriculture exports dropped from a year earlier last month, partly due to a sharp decrease in shipments to China, the government said Tuesday. Outbound shipments of food and agricultural products came to US$510.7 million in November, down 4 percent from the same month last year, according to related data from the Ministry of Agriculture, Food and Rural Affairs. The biggest drop came in shipments of processed products, which fell 4.9 percent on-year to $408.3 million.

Australia deficit blows out, growth downgraded

Australia is facing years of deficit with a Aus$17 billion (US$15.2 billion) blowout since September elections as the economy struggles to deal with an unwinding mining investment boom, the treasurer said Tuesday. Joe Hockey said the conservative government had inherited a "simply unsustainable" budget from centre-left Labor and warned that without urgent action Australia would be in the red for a decade, with a deficit of Aus$47 billion this financial year.

Australia deficit blows out, growth downgraded

Australia is facing at least four more years of deficit with a Aus$17 billion (US$15.2 billion) blowout since September elections as the economy struggles to deal with an unwinding mining investment boom, the treasurer said Tuesday. Joe Hockey said the conservative government had inherited a "simply unsustainable" budget from centre-left Labor and warned that without urgent action Australia would be in the red for a decade, with a deficit of Aus$47 billion this financial year.

Russian industrial output shrinks again in November

MOSCOW (Reuters) - Russian industrial output contracted for the second month in a row in November, data showed on Monday, in a sign that the economic slowdown has not yet bottomed out. Russia's $2.1 trillion economy is growing at the slowest pace in four years, held back by stagnant corporate investments and weakening consumer demand.

Auto production hits record level in Mexico

Mexico City, Dec 10 (EFE).- Production of light vehicles hit a record level during the January-November period, rising 2.4 percent, compared to the same period in 2012, the Mexican Automotive Industry Association, or AMIA, said. Vehicle exports set a record during both the first 11 months of the year, with a 2.8 percent increase, and in November, when they rose 2.3 percent, the AMIA said in a statement.

China November industrial output growth slows to 10.0%

Growth in China's industrial production slowed in November but retail sales expanded at a faster pace, official figures showed Tuesday, painting a mixed picture of the world's second-largest economy. Industrial output, which measures production at factories, workshops and mines, rose 10.0 percent in November year-on-year, the National Bureau of Statistics announced. That was a slowdown from the 10.3 percent expansion recorded in October, but matched the median forecast of 11 economists surveyed by Dow Jones Newswires.

S. Korea's auto exports expected to grow in 2014 amid global recovery

S. Korea's auto exports expected to grow in 2014 amid global recovery SEOUL, Dec. 9 (Xinhua) -- South Korea's car exports were expected to grow next year due to a modest recovery in major economies, the trade ministry said on Monday citing data from industry association.

Taiwan exports flat in November

Taiwan's exports remained sluggish in November but declines in most overseas markets were offset by increased demand from China, its biggest export destination, the government said Monday. Shipments in November totalled $24.9 billion, unchanged from a year ago but down 4.7 percent from the previous month, the finance ministry said in a statement. The figure however marked an improvement following year-on-year declines of 7.0 percent and 1.5 percent respectively in September and October.

Iraq oil exports rise for third month

Iraq's oil exports rose for a third successive month in November but remained below historic highs as the country looks for revenues to fund much-needed reconstruction, data released Sunday showed. Average daily exports rose to 2.381 million barrels per day (bpd), from 2.25 million bpd the previous month and 2.07 million bpd in September, according to figures released by the oil ministry. Crude sales brought in revenues of $7.32 billion, almost marking a third consecutive increase.

Macao's economy expands by 10.5 pct in Q3

Macao's economy expands by 10.5 pct in Q3 MACAO, Nov. 29 (Xinhua) -- Spurred by the increase in exports of services,Macao's Gross Domestic Product (GDP) for the third quarter of 2013 grew 10.5 percent year-on-year, according to the figures released on Friday by Macao's Statistics and Census Service (DSEC). Benefited from the satisfactory performance of the tourism and gaming sector, exports of services increased by 11.9 percent year- on-year, of which exports of gaming services rose by 13.3 percent and exports of other tourism services grew by 8.1 percent.
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