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South Korea GDP Climbs 1.3% In Q1
(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on quarter in the first quarter of 2024, the Bank of Korea said in Wednesday's advance estimate.
That was in line with forecast and up from 0.6 percent in the previous three months.
Real gross national income (real GNI) increased by 2.4 percent on quarter in Q1.
On an annualized basis, GDP climbed 3.3 percent - just shy of expectations for 3.4 percent but still up from 2.2 percent in the three months prior.
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South Korea Manufacturing PMI Ticks Higher In August - S&P Global
The manufacturing sector in South Korea continued to contract in August, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 48.3.
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South Korea Has $6.51 Billion Trade Surplus
South Korea posted a merchandise trade surplus of $6.51 billion in August, Statistics Korea said in Monday's preliminary reading.
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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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