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 2018. 1
Language Korean/English
SUMMARY □ The Korean economy appears to be growing at a modest pace as consumption growth accelerates but that of investment slows.

○ Equipment investment slackened and construction investment continued last month??s downward trend, indicating that the improvement in investment is gradually weakening.

- The equipment investment index continued to trend up led by machinery but its growth slowed gradually on shrinking transport equipment.

- The value of construction completed continued to decrease led by the building construction sector, and relevant leading indicators contracted further, implying that construction investment is rapidly slowing down.

- As a result, employment growth ebbed particularly in construction, causing a dampening effect on employment conditions.

○ On the other hand, consumption sentiments remained elevated and retail sales improved sharply, partially offsetting the moderation in investment.

- The CCSI remained favorable on positive expectations over economic improvements and the retail sales index grew at a relatively fast rate.

- Services production exhibited a relatively strong rebound as wholesale and retail trade and accommodation and food services increased on improving private consumption.

○ Meanwhile, December??s export growth continued a relatively steady growth although it slowed on reduced workdays (two days) but average daily exports maintained high growth.
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