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KDI Monthly Economic Trends 2018. 12

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KDI Brief No.157 (December 10, 2018)

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KDI Monthly Economic Trends 2018. 12
The Korean economy is gradually moderating as export growth slows amid stagnating domestic demand.
 
 
Domestic demand expanded temporarily due to the early Chuseok holidays but remained tepid overall.
- October’s retail sales and investment indicators rose higher or dropped less affected by the increased workdays.
- However, given the influence of temporary factors, the growth in retail sales is weak. Additionally, weakening consumer sentiment indicates mounting negative signals over private consumption.
- Investment also remains weak when temporary factors are removed.
 
Export growth showed a slightly moderating rise in November led by major export items such as semiconductors and petrochemical products.
Major Economic Indicators
(Year-on-Year % Change)
2016 2017 2017 2018
9 10 11

   Exports (f.o.b.)

-5.9

15.8

8.4

9.9

3.1

1.7

-8.2

22.7

4.5

   Imports (c.i.f.)

-6.9

17.8

11.6

13.7

12.9

7.8

-1.6

28.1

11.3

   Balance of Trade
   (Billion US Dollars)

89.2

95.2

20.1

12.7

18.7

23.2

9.6

6.6

5.1

   Consumer Price

1.0

1.9

1.5

1.3

1.5

1.6

1.9

2.0

2.0

   3-year Treasury Bonds

1.64

2.13

2.13

2.22

2.12

2.01

2.01

1.94

1.90

   KOSPI

2,026

2,468

2,468

2,446

2,326

2,343

2,343

2,030

2,097

   Won/Dollar Exchange Rate

1,207.7

1,070.5

1,070.5

1,063.5

1,114.5

1,109.3

1,109.3

1,139.6

1,121.2

   Oil Prices
   (Dubai, US$/Barrel)

41.4

53.2

59.3

63.9

72.1

74.2

77.2

79.4

65.6

※ This summary and assessment is a part of 『KDI Monthly Economic Trends 2018. 12』. Please visit the KDI Monthly Economic Trends page and see more graphs.
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