Monthly Economic Trends KDI Monthly Economic Trends 2024. 10 October 10, 2024
- Summary
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■ The Korean economy is experiencing limited improvement as therecovery of domestic demand, especially in construction investment,is delayed, despite favorable conditions in exports. ○ ICT exports continued strong growth, while manufacturing productionsteadily recovers from a temporary adjustment. - As disruptions in automobile production caused by facility maintenanceand wage negotiations ease, both production and shipments areincreasing, suggesting that the manufacturing sector is maintaining itsrecovery trajectory. ○ However, amid continued weakness in goods consumption, therecovery of domestic demand is being delayed by the continuedslump in construction investment. - The decline in the value of construction completed continued, andgiven the accumulated weakness in leading indicators, the slump inconstruction investment is likely to continue for the time being. - Amid the ongoing increase in service consumption, retail salescontinue their downward trend due to the high interest rateenvironment. ○ Moreover, external uncertainties are expanding as conflicts in theMiddle East region intensify.
- Contents
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Major Economic Indicators
Summary and Assessment
Major Indicators of the Korean Economy
1. Gross Domestic Product
(at 2020 Constant Prices)
2. Economic Activity
3. Consumption
4. Equipment Investment
5. Construction Investment
6-1. Exports, Imports and Terms of Trade
6-2. Current Account and Financial Account
7. Employment and Wage
8. Price Indices
9-1. Financial Market (I)
9-2. Financial Market (II)
10. Housing Market
11-1. Major Indicators of the World Economy (I)
11-2. Major Indicators of the World Economy (II)
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