FOREX TradingCharts.com

Financial News: South Korea GDP Expands 0.3% On Quarter In

South Korea GDP Expands 0.3% On Quarter In Q3

10/26/2022 - 19:25:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product improved a seasonally adjusted 0.3 percent on quarter in the third quarter of 2022, the Bank of Korea said on Thursday.

That exceeded expectations for an increase of 0.1 percent following the 0.7 percent growth in the previous three months.

On an annualized basis, GDP was up 3.1 percent - again beating forecasts for 2.8 percent and up from 2.9 percent in the three months prior.

Real gross domestic income (GDI) decreased by 1.3 percent compared to the previous quarter.

On the expenditure side, private consumption grew by 1.9 percent on quarter, as expenditures on durable goods (e.g. motor vehicles) and services (e.g. restaurants & accommodation services) both increased. Government consumption rose by 0.2 percent on quarter, with increased expenditures on goods.

Construction investment expanded by 0.4 percent on quarter, as non-residential building construction increased. Facilities investment increased by 5.0 percent on quarter, driven by increases in machinery and transportation equipment.

Exports rose by 1.0 percent on quarter, as transportation equipment and services increased while semiconductors decreased. Imports were up by 5.8 percent on quarter, owing to increased imports of crude oil and machinery & equipment.

On the production side, agriculture, forestry & fishing grew by 5.5 percent on quarter, mainly due to an increase in livestock production. Manufacturing contracted by 1.0 percent on quarter, as computer, electronic & optical products and chemical products decreased.

Electricity, gas & water supply increased by 0.3 percent on quarter, due to an increase in electricity. Construction rose by 1.8 percent on quarter, owing to an increase in building construction.

Services expanded by 0.7 percent on quarter, mainly in wholesale & retail trade, accommodation & food services, finance & insurance and cultural & other services.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Employment Jumps By 263,00 Jobs In November, More Than Expected (02 hr(s), 07 min(s), 51 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story»

Slovakia Q3 Jobless Rate Falls Slightly (02 hr(s), 40 min(s), 51 sec(s) ago)
(RTTNews) - Slovakia's unemployment rate decreased marginally in the third quarter, figures fr ...Full Story»

U.S. Employment Jumps More Than Expected In November (03 hr(s), 11 min(s), 51 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story»

Eurocoin Indicator Falls In November (03 hr(s), 13 min(s), 51 sec(s) ago)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in Novemb ...Full Story»

Brazil Industrial Production Rises Unexpectedly (03 hr(s), 41 min(s), 51 sec(s) ago)
(RTTNews) - Brazil's industrial production expanded unexpectedly in October, after falling in ...Full Story»

Eurozone Producer Price Inflation Slows In October (04 hr(s), 08 min(s), 51 sec(s) ago)
(RTTNews) - Eurozone producer price inflation slowed for the second consecutive month in October r ...Full Story»

German Exports Fall Further Raising Risk Of Recession (04 hr(s), 25 min(s), 51 sec(s) ago)
(RTTNews) - Germany's exports declined for the second month in a row, as the global demand con ...Full Story»

Ireland Q3 Economic Growth Improves Slightly (04 hr(s), 26 min(s), 51 sec(s) ago)
(RTTNews) - The Irish economic growth improved marginally in the three months ended September, aft ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Employment Jumps By 263,00 Jobs In November, More Than Expected

12/02/2022 - 09:42 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story>>

Slovakia Q3 Jobless Rate Falls Slightly

12/02/2022 - 09:09 AM (RTTNews)
(RTTNews) - Slovakia's unemployment rate decreased marginally in the third quarter, figures fr ...Full Story>>

U.S. Employment Jumps More Than Expected In November

12/02/2022 - 08:38 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed employment ...Full Story>>

Eurocoin Indicator Falls In November

12/02/2022 - 08:36 AM (RTTNews)
(RTTNews) - An indicator reflecting the current economic situation in the euro area fell in Novemb ...Full Story>>

Brazil Industrial Production Rises Unexpectedly

12/02/2022 - 08:08 AM (RTTNews)
(RTTNews) - Brazil's industrial production expanded unexpectedly in October, after falling in ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.