South Korean Economy Advances 1.1% QoQ in Q3

South Korean quarter-on-quarter GDP growth was confirmed at 1.1 percent in the third quarter of 2013, the same rate recorded in the previous three-month period.

On the production side, manufacturing expanded by 1.5 percent due to increased production of electrical and electronic equipment, petrochemical products, food and beverages and furniture.

Construction increased by 1.2 percent, centering around civil engineering.

Services grew by 0.7 percent. Gains in wholesale and retail trade, restaurants and hotels, financial intermediation, health and social work and recreational, cultural and sporting offset declines in real estate and renting, business activities and education.

On the expenditure side, construction investment recorded the highest growth rate (+3.2 percent), while exports dropped the most (-1.3 percent).

South Korean Economy Advances 1.1% QoQ in Q3

The Bank of Korea | Joana Taborda |
12/4/2013 11:22:32 PM