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KDI Monthly Economic Trends 2018. 2

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KDI Brief No.118 (February 08, 2018)

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KDI Monthly Economic Trends 2018. 2
 
 
Services production grew slower and mining and manufacturing production declined further due to temporary factors, implying that the overall pace of economic improvement appears limited.
 
Consumer sales goods showed a slightly reduced growth, mainly in durable goods, but consumer sentiment stayed elevated, pointing to continued favorable conditions in overall consumption.
 
Amid the continued downward trend in construction investment, facilities investment showed a gradual decline in growth such as that in machinery.
 
As Korea's export growth stayed healthy on a strengthening of the global economy, the downside risks to the Korean economy appear limited.
 
Meanwhile, inflation remained quite low due to the changes in supply-side factors such as livestock products prices.
 
Major Economic Indicators
(Year-on-Year % Change)
2016 2017 2017 2018
11 12 1

   Exports (f.o.b.)

-5.9

15.8

14.7

16.7

24.0

8.5

9.6

8.9

22.2

   Imports (c.i.f.)

-6.9

17.8

24.0

18.7

17.9

11.5

12.8

13.6

20.9

   Balance of Trade
   (Billion US Dollars)

89.2

95.3

15.7

29.2

30.3

20.2

7.7

5.5

3.7

   Consumer Price

1.0

1.9

2.1

1.9

2.3

1.5

1.3

1.5

1.0

   3-year Treasury Bonds

1.64

2.13

1.66

1.70

1.89

2.13

2.08

2.13

2.27

   KOSPI

2,026

2,468

2,160

2,392

2,394

2,468

2,476

2,468

2,566

   Won/Dollar Exchange Rate

1,207.7

1,070.5

1,118.4

1,144.1

1,145.4

1,070.5

1,088.2

1,070.5

1,067.9

   Oil Prices
   (Dubai, US$/Barrel)

41.4

53.2

53.1

49.8

50.5

59.3

60.8

61.6

66.2

※ This summary and assessment is a part of 『KDI Monthly Economic Trends 2018. 2』. Please visit the KDI Monthly Economic Trends page and see more graphs.
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