• Bloomberg


Industrial production fell more than expected in October, signaling the possibility of a steeper contraction in economic growth ahead and raising the case for a bigger government stimulus package.

The global slowdown, a consumption tax hike and a damaging typhoon contributed to a 4.2 percent slide in factory output from the previous month, matching the nation’s worst drop in the past 5½ years and falling more than twice as much as economists forecasted, data from the economy ministry showed Friday.

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