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South Korea Current Account Surplus Shrinks To $1.09 Billion
(RTTNews) - The current account balance in South Korea came in at a $1.09 billion surplus in July, the Bank of Korea said on Wednesday - down from $5.61 billion in June.
The goods account saw a $1.18 billion deficit, down from the $5.55 billion surplus a year earlier.
The services account recorded a $0.34 billion surplus, up from the $0.28 billion deficit in 2021, owing to a large surplus in the transport account.
The primary income account surplus fell from $2.84 billion last year to $2.27 billion in July 2022.
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South Korea July Industrial Production Rises 0.3%
Industrial output in South Korea added a seasonally adjusted 0.3 percent on month in July, Statistics Korea said on Friday.
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South Korea Industrial Output Adds 0.3% In July
Industrial production in South Korea was up a seasonally adjusted 0.3 percent on month in July, Statistics Korea said on Friday.
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Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook
The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook. The Monetary Policy Board decided to hold the Base Rate at 2.50 percent. The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
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South Korea Producer Prices Rise 0.4% In July
Producer prices in South Korea were up 0.4 percent on month in July, the Bank of Korea said on Thursday.
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South Korea Export Prices Climb 1.0% In July
Export prices in South Korea were up 1.0 percent on month in July, the Bank of Korea said on Thursday - after shrinking 1.2 percent in June.
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South Korea Has $14.27 Billion Current Account Surplus
South Korea had a current account surplus of $14.27 billion in June, the Bank of Korea said on Thursday - up from $10.14 billion in May.
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South Korea Inflation Rises 0.2% In July
Overall consumer prices in South Korea were up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday.
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South Korea Industrial Output Climbs 1.6% In June
Industrial production in South Korea was up a seasonally adjusted 1.6 percent on month in June, Statistics Korea said on Thursday.
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