Industrial activities slowed down in September due to fewer days worked as the Chuseok holiday fell in the month. Exports and consumption have been stable, but investment and employment remain weak, and there are growing uncertainties amid ongoing trade conflicts between the US and China.
Exports are expected to grow in line with recovering global economies, but job markets are weak and there are external risks, such as US-China trade conflicts, Fed’s rate hikes and increasing volatility in global financial markets.
The Green Book: Current Economic Trends
1. External economic situation
2. Private consumption
3. Facility investment
4. Construction investment
5. Exports and imports
6. Mining and manufacturing production
7. Service sector activity
9. Financial markets
10. Balance of payments
12. Real estate market
13. Composite indices of business cycle indicators