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Transcripts For BLOOMBERG Bloomberg Daybreak Australia 20240713

Economy is set to end the year in contraction as months of protests take their toll. There is course for massive evacuations in australia as wildfires continue to burn amid a heatwave. Shery starting with breaking news out of south korea, we are getting industrial reduction numbers for november, contracting. 5 is missing esti. It was expected to stay flat. It is a stabilization after a fall of 1. 7 . The previous number for october was revised higher, contraction of 1. 6 . We are talking about a contraction of 0. 3 year on year, a stabilization from the decline of 2 in the previous months. We have seen some signs of stabilization in the wider region and chinas industrial profits showing a rebound of 5 . More signs we could see stabilization in the region. Up for then exports first 20 days of the month contracting 2 year on year. This coming after doubledigit declines in the past six months. Industal production, month on month by half of 1 , missing estimates but a smaller contraction t

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