South Korea Has $6.7 Billion Trade Shortfall In October
(RTTNews) - South Korea posted a merchandise trade deficit of $6.7 billion in October, the Ministry of Trade, Industry and Energy said on Tuesday.
The missed expectations for a shortfall of $3.94 billion following the downwardly revised $3.78 billion deficit in September (originally -$3.70 billion).
Exports dropped 5.7 percent on year, also shy of forecasts for a decline of 3.0 percent following the downwardly revised 2.7 percent increase in the previous month (originally 2.8 percent).
Imports jumped an annual 9.9 percent versus expectations for an increase of 6.9 percent following the 18.6 percent spike a month earlier.
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Bank Of Korea Unexpectedly Keeps Key Rate Unchanged
Bank of Korea unexpectedly maintained its key interest rate on Thursday despite political unrest intensifying downside risks to economic growth and increased volatility in the won exchange rate. After two back-to-back cuts, the Monetary Policy Board decided to hold the base rate at 3.00 percent, while markets widely expected a quarter-point reduction.
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il y a 6
South Korea Export Prices Accelerate In December
Export prices in South Korea were up 10.7 percent on year in December, the Bank of Korea said on Wednesday - up from 7.0 percent in November.
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il y a 7
South Korea Has $9.30 Billion Current Account Surplus
South Korea poste a current account surplus of $9.30 billion in November, the Bank of Korea said on Wednesday - easing from $9.78 billion in October.
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il y a 14
South Korea Inflation Rises 2.3% In 2024
Consumer prices in South Korea were up 2.3 percent on year in 2024, Statistics Korea said on Tuesday - moderating from 2.5 percent in the previous year.
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il y a 22
South Korea Industrial Production Falls 0.7% In November
Industrial output in South Korea was down a seasonally adjusted 0.7 percent on month in November, Statistics Korea said on Monday - missing forecasts for a fall of 0.4 percent following the flat reading in October.
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il y a 23
South Korea Industrial Output Sinks 0.7$ In November
Industrial production in South Korea contracted a seasonally adjusted 0.7 percent on month in November, Statistics Korea said on Monday - missing forecasts for a decline of 0.4 percent following the flat reading in October.
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il y a 23
South Korea Consumer Confidence Index Tumbles In December - BoK
The Composite Consumer Sentiment Index (CCSI) for December stood at 88.4, 12.3 points lower than that in November.
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il y a 29
South Korea Producer Prices Add 0.1% In November
Producer prices in South Korea were up 0.1 percent on month in November, the Bank of Korea said on Friday - after easing 0.1 percent in October.
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il y a 33
