Monthly Economic Trends KDI Monthly Economic Trends 2024. 8 August 07, 2024
LanguageENG
- Summary
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■ The Korean economy has sustained strong export growth, primarilyfueled by the semiconductor sector. However, domestic demandremains subdued, constraining overall economic improvement. ○ Semiconductor-related production indicators maintained positivemomentum, with exports continuing to ascend, particularly in ICT items. - Increased semiconductor production and shipments, coupled withreduced inventory, are driving the recovery in the manufacturing sector. - Exports sustain their upward trajectory amid modest global economicexpansion and robust semiconductor market conditions. ○ However, services production growth remained tepid, andconstruction investment continued its descent, indicating that therecovery phase of domestic demand has not yet materialized. - Services production exhibited tepid growth, primarily driven bywholesale and retail trade and accommodation and food services. - Amid persistent declines in retail sales and rising loan delinquencyrates, the accumulated slump in construction orders received led to acontraction in construction investment, suggesting employmentconditions are gradually adjusting. ○ Meanwhile, external uncertainties have slightly increased on therecent escalation of geopolitical risks in the Middle East andconcerns over a U.S. recession.
- 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)
국내총생산 및 국내총소득의 성장률(2020년 불변가격)
Growth Rates of GDP and GDI (at 2020 Constant Prices)
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민간소비 및 고정투자(2020년 불변가격)
Growth Rate of Private Consumption and Fixed Investment(at 2020 Constant Prices)
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총수출 및 총수입
Total Imports and Exports
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외국인 순매수
Foreign Investors’ Net Purchase of Stocks
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기업대출
Bank Loans to Corporations
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