Release of medium-to-long term outlook on respective agenda based
on the analysis of pending macroeconomic issues

Monthly Economic Trends

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KDI Monthly Economic Trends 2017. 12
Language Korean/English
SUMMARY □ Export-driven economic improvements exhibited a slight moderation.

○ October posted a sharp contraction in production indicators but the improvement trend was maintained at a modest pace given the reduced workdays for Chuseok and long holidays.

- Most production indicators posted negative growths but there was a small increase in the average growth for Sep.-Oct. despite reduced workdays.

○ Domestic demand indicators exhibited steep fluctuations on temporary factors while consumer sentiment trended up. But, investment-related indicators showed slowing growth led by the value of construction completed.

- Retail sales enjoyed a relatively high growth on average in Sep.-Oct. and the CCSI surpassed far beyond the baseline.

- Facilities investment, mainly semiconductor manufacturing equipment, seems to be continuing the favorable trend as relevant leading indicators maintained fast growth.

- Meanwhile, the growth in construction investment gradually slowed and its leading indicators deteriorated further, signaling the opposite from facilities investment.

○ Meanwhile, exports of semiconductors and a few other items maintained favorable growth but total export growth has moderated somewhat even when taking into account the impact from the decline in vessel export.
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