S. Korea's economy on a gradual rise despite slowing consumer spending: KDI
- 6 years ago
KDI 6월 경제동향 "내수증가세 둔화... 완만한 성장세 지속"
The nation's economy is gradually improving... despite the slow down in consumer spending.
According to the Korea Development Institute, strong exports are driving the trend, off-setting sluggish consumption and investment.
The latest estimate released today... shows... sales in lodging and food service sectors in April declined 1-point-8 percent on-year.
In contrast, semiconductor, petroleum and petrochemical exports all posted strong growth in May.
Compared to the same period last year, exports of semiconductors soared 44-point-5 percent, petroleum by 37-point-6 percent and petrochemical by 26-point-8 percent.
The economic think-tank added the world economy is also on the rise despite the ongoing US-China trade dispute.
The nation's economy is gradually improving... despite the slow down in consumer spending.
According to the Korea Development Institute, strong exports are driving the trend, off-setting sluggish consumption and investment.
The latest estimate released today... shows... sales in lodging and food service sectors in April declined 1-point-8 percent on-year.
In contrast, semiconductor, petroleum and petrochemical exports all posted strong growth in May.
Compared to the same period last year, exports of semiconductors soared 44-point-5 percent, petroleum by 37-point-6 percent and petrochemical by 26-point-8 percent.
The economic think-tank added the world economy is also on the rise despite the ongoing US-China trade dispute.