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Financial News: South Korea GDP Climbs 1.1% On Quarter In

South Korea GDP Climbs 1.1% On Quarter In Q2

07/24/2019 - 19:16:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.1 percent on quarter in the second quarter of 2019, the Bank of Korea said in Thursday's advance estimate.

That follows the 0.4 percent contraction in the previous three months.

Real gross domestic income fell 0.6 percent on quarter, the bank said.

On the expenditure side, private consumption was up 0.7 percent, with expenditures on semi-durable goods rising.

On a yearly basis, GDP climbed 2.1 percent, accelerating from 1.7 percent in the three months prior.

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