Monthly Economic Trends KDI Monthly Economic Trends 2024. 5 May 12, 2024
- Summary
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■ The Korean economy is sustaining a trend of alleviating economic slowdown, supported by a strong export recovery. ○ Although production experienced some adjustments in March, it maintained the moderate growth trajectory propelled by semiconductors in terms of the first quarter trend. - Services production maintains low growth, and construction production, which had rebounded due to a temporary concentration of construction projects, has also shifted to a decline. - Concurrently, manufacturing production is also undergoing some adjustments, as evidenced by the rising inventory-to-shipment ratio and the declining average capacity utilization rate. - Nonetheless, semiconductor production and exports continue to display robust growth, leading the trend of mitigating economic downturn. ○ Meanwhile, amid decelerating inflation, employment conditions appear to be relatively favorable. - Core inflation, which represents the underlying inflation trend, is gradually decelerating, edging closer to the inflation target (2.0%). - The growth in the number of employed persons is adjusting, yet the unemployment rate remains at a low level.
- Contents
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Major Economic Indicators
Summary and Assessment
Major Indicators of the Korean Economy
1. Gross Domestic Product
(at 2015 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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