■ 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
9.1 Stock market
9.2 Exchange rate
9.3 Bond market
9.4 Money supply and money market
10. Balance of payments
11.1 Consumer prices
11.2 International oil and commodity prices
12. Real estate market
12.1 Housing market
12.2 Land market
13. Composite indices of business cycle indicators
■ Economic News Briefing
Korea’s per capita income surpasses US $30,000, innovation emerging as key to growth
Korea’s external debt stays at US $440.6 billion in Q1 2019
Korea grows 1.8% in Q1 2019
■ Statistical Appendices
Industrial activities improved in March due to a low base effect from the previous month. Employment continued to grow in April, although unemployment went up, and consumer prices stayed stable.
Industrial production rose in March (up 1.1%, m-o-m) as mining and manufacturing (up 1.4%, m-o-m), service output (up 0.2%, m-o-m) and construction completed (up 8.9%, m-o-m) all improved.
Consumption and investment increased in March: Retail sales rose (down 0.5% → up 3.3%, m-o-m) as well as facility investment (down 10.2% → up 10.0%, m-o-m) and construction completed (down 6.5% → up 8.9%, m-o-m).
Exports declined 2.0 percent year-on-year in April, falling for a fifth consecutive month, due to weak global demand as well as low semiconductor prices.
The April consumer sentiment index (CSI) improved 1.8 points to 101.6, a fifth increase in a row, and the business sentiment index (BSI) improved 2 points to 75, the outlook for May climbing 1 point to 77.
The cyclical indicator of the coincident composite index fell 0.1 points in March, as well as the cyclical indicator of the leading composite index, to 98.5 and 98.2, respectively.
The economy added 171,000 jobs year-on-year in April: Service jobs continued to increase and a decline in manufacturing jobs slowed. The unemployment rate rose 0.3 percentage points to 4.4 percent compared with a year ago.
Consumer prices in April rose 0.6 percent year-on-year as service prices stayed stable, as well as oil product prices.
In April KOSPI went down in the latter half of the month and the won continued to weaken. Treasury bond yields fluctuated.
Housing prices continued to decline in April (down 0.21%, m-o-m), along with Jeonse (lump-sum deposits with no monthly payments) prices (down 0.29%, m-o-m). Housing transactions fell.
The economy over the first quarter of this year had to deal with a slowdown in major indicators as mining and manufacturing, facility investment and exports all declined amid a faster-than-expected global economic slowdown and weak semiconductor markets.
There are uncertainties arising from Brexit in addition to US-China trade tensions, which may lead to increased volatility in the international financial market, as well as a further slowdown in the global economy.
The government will strengthen its risk management and get ready for the spending of the supplementary budget as soon as approved by the National Assembly, and will continue to work to successfully implement the measures drawn up to promote investment, encourage exporters and improve regulations.
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future
The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.
Economic trend analysis, short- and long-term forecast
Policy study on macroeconomic management
Basic structural analysis on macroeconomic areas
Maintenance of multi-sectoral dynamic macroeconomic model
We reject unauthorized collection of email addresses posted on our website by using email address collecting programs or other technical devices. To access the email address, please type in the characters exactly as they appear in the box below.