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 Has $11.12 Billion Current Account Surplus
South Korea posted a current account surplus of $11.12 billion in September, the Bank of Korea said on Thursday - up from $6.60 billion in August.
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South Korea Inflation Unchanged On Month In October
Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in October, Statistics Korea said on Tuesday.
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South Korea Manufacturing PMI Unchanged At 48.3 - S&P Global
The manufacturing sector in South Korea continued to contract in October, and at a steady rate, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 48.3.
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South Korea Has $3.17 Billion Trade Surplus
South Korea posted a merchandise trade surplus of $3.17 billion in October, the Customs Office said on Friday.
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South Korea Industrial Production Slips 0.2% In September
Industrial production in South Korea was down a seasonally adjusted 0.2 percent on month in September, Statistics Korea said on Thursday.
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South Korea GDP Expands 0.1% On Quarter In Q3
South Korea's gross domestic product gained a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.
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South Korea GDP Rises 0.1% In Q3
South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.
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Bank Of Korea Cuts Key Rate For First Time In More Than 4 Years
The Bank of Korea lowered its base rate for the first time in more than four years on Friday, in order to stimulate economy as inflation weakened to the lowest since early 2021 and household debt began to slow on tight macroprudential policies. The Monetary Policy Board headed by Rhee Chang Yong decided to cut the Base Rate by 25 basis points to 3.25 percent from 3.50 percent.
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