South Korea Has $3.17 Billion Trade Surplus
(RTTNews) - South Korea posted a merchandise trade surplus of $3.17 billion in October, the Customs Office said on Friday.
That missed forecasts for a surplus of $4.23 billion and was down from $6.66 billion in September.
Exports rose an annual 4.6 percent, again shy of expectations for a gain of 6.9 percent after rising 7.5 percent in the previous month.
Imports were up 1.7 percent on year versus expectations for a gain of 2.0 percent and down from 2.2 percent a month earlier.
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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 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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South Korea August Current Account Surplus $6.60 Billion
South Korea had a current account surplus of $6.60 billion in August, the Bank of Korea said on Tuesday - down from $8.97 billion in July.
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South Korea Inflation Slows To 1.6% On Year In September
Overall consumer prices in South Korea were up 1.6 percent on year in September, Statistics Korea said on Wednesday.
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South Korea Has $6.66 Billion Trade Surplus
South Korea posted a merchandise trade surplus of $6.66 billion in September, the Customs Office said on Tuesday.
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