South Korea GDP Growth Unrevised in Q1

South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous period and unchanged from the advance estimate.

Final estimates showed private consumption grew less than initially expected (0.2 percent versus 0.3 percent in the advance release). Facilities investment fell at a faster 1.9 percent (-1.3 percent), and imports shrank 0.8 percent (-0.5 percent). Exports grew 1.5 percent, down from an initial 1.7 percent.

In contrast, construction investment increased more than initially estimated by 5.1 percent (4.8 percent).

Year-on-year, the economy accelerated for the fourth straight quarter to an annual 3.9 percent growth rate.

South Korea GDP Growth Unrevised in Q1

The Bank of Korea | Isabel Felino |
6/5/2014 1:03:44 PM