Financial News: South Korea GDP Gains 1.8% In Q1

South Korea GDP Gains 1.8% In Q1

06/08/2026 - 20:02:00 (RTTNews)

(RTTNews) - South Korea's gross domestic product expanded a seasonally adjusted 1.8 percent on quarter in the first quarter of 2026, the Bank of Korea said on Tuesday.

That was up from 1.7 percent in last month's advance estimate following the upwardly revised 0.1 percent contraction in the previous three months (originally -0.2 percent).

On an annual basis, GDP was up 3.8 percent - upwardly revised from 3.6 percent following the 1.6 percent gain in the three months prior.

Real gross national income (real GNI) increased 9.2 percent in the first quarter of 2026 compared to the previous quarter.

On the production side, manufacturing increased 3.9 percent, mainly due to an increase in computer, electronic and optical products.

On the expenditure side, private consumption increased by 0.6 percent as expenditures on goods and services both increased.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Retail Sales Data Due On Monday (01 min(s), 22 sec(s) ago)
(RTTNews) - Japan will on Monday release May numbers for retail sales, highlighting a light day fo ...Full Story»

U.S. Consumer Sentiment Rebounds Slightly More Than Previously Estimated In June (09 min(s), 22 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Austria Manufacturing Growth Softens (06 min(s), 22 sec(s) ago)
(RTTNews) - Austria's manufacturing sector continued to expand in June but the pace of expansi ...Full Story»

Italy Consumer Confidence Weakens In June; Business Morale Rises (38 min(s), 22 sec(s) ago)
(RTTNews) - Confidence among Italian households remained more pessimistic in June, while business ...Full Story»

Swedish Economic Confidence Improves In June (42 min(s), 22 sec(s) ago)
(RTTNews) - Sweden's economic sentiment strengthened in June to the highest level in five mont ...Full Story»

Norway Retail Sales Fall 2.1% (22 sec(s) ago)
(RTTNews) - Norway's retail sales decreased in May after rebounding in the previous month, pre ...Full Story»

Tokyo Inflation Accelerates In June (50 min(s), 22 sec(s) ago)
(RTTNews) - Inflation in Japan's capital accelerated in June, signaling broadening price press ...Full Story»

Sweden Producer Price Inflation Climbs To 39-month High (16 min(s), 22 sec(s) ago)
(RTTNews) - Producer price inflation in Sweden increased further in May to the highest level in mo ...Full Story»