SEOUL (Reuters) -South Korea's exports fell at a less steeper pace in August than in the previous month and market expectations, raising some hopes that the key trade engine of the economy is starting to turn a corner though doubts remain over weak demand in China. The August figure was better than the median forecast for an 11.6% decline in a Reuters survey of economists, beating all but one of 22 estimates. The decline in China-bound exports softened to 20% from 25% the previous month, while shipments to the United States rose 2% after four months of decline.
XAI Octagon Floating Rate & Alternative Income Term Trust has declared its regular monthly distribution of $0.085 per share on the Trust’s common shares , payable on October 2, 2023, to common.
The inflation report the government will issue Thursday is expected to show that consumer prices increased 3.3% from 12 months earlier. On a month-to-month basis, consumer prices are thought to have risen 0.2% from June to July, the same as in the previous month, according to a survey of forecasters by the data firm FactSet. A jump in energy prices was likely a major contributor to higher inflation in July.