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PUBLICATION

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. 7
2018/07/10
Language Korean/English
SUMMARY □ The overall pace of economic improvement appears to be moderating as Korea’s export growth remains steady but growth in domestic demand slows.

○ Exports turned to a decrease mostly due to temporary factors and those of semiconductors, petrochemical and petroleum products sustained a high growth trend.

- The contraction in industrial production (mining and manufacturing) eased slightly while the manufacturing capacity utilization rate and shipment-to-inventory ratio improved.

○ However, the retail sales growth rate and consumer sentiment index stalled and serviced production remained stagnant, indicating that the improvement in consumption is slowing gradually.

○ The growth in facilities investment took a downswing led by machinery and that in construction investment stayed low at the 0% level, implying that investment remains sluggish.

○ Accordingly, the pace of improvement in overall production is gradually slowing and employment growth stayed low.
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