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a yearly low
Output and consumption fell by a wide margin,hollister, accelerating the already downward trend of the domestic economy in the second half of the year. According to the National Statistics Office (NSO) Friday,hollister pas cher, production in November grew only 6.4%, a yearly low, over the same month last year. The growth rate of 3,abercrombie.7% in factory shipments and 3.2% in the retail and wholesale sector in the same month also accounted for the lowest monthly growth rate this year,www.abercrombiefrancele.com. The business sector's investment into production equipment and facilities plunged 1,abercrombie france.3% year-on-year, the lowest since December 1998.
NSO also noted that the manufacturing sector's average operation rate slipped down in November to 75,abercrombie.8% level, while the inventory ratio jumped to 81,hollister france.4% accounting for the highest since February last year.
As to reasons for the pessimistic turn of such indicators, the office cited rapid shrinking in consumption and sluggish exports starting from the second half of this year,air jordan, in particular,jordan pas cher. The November growth rate in exports slowed down to 4.6% over the same month last year, and the rate accounted for the lowest since 3.5% growth rate recorded in January 1997,abercrombie france, the NSO explained,hollister.
(Park Jong-sae,abercrombie france, jspark@chosun.com)
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