■ 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 grows 2.0% in Q3 2019
FTA with Central America goes into effect
Inbound FDI up 4.8% in Q3 2019
Committee on Supplies Manufacturing sets off
Government holds IR session in New York
■ Statistical Appendices
Manufacturing fell in August, while services, consumption, construction investment and facilities investment improved.
Industrial production rose 0.5 percent from the previous month in August backed by services (up 1.1% → up 1.2%, m-o-m). Manufacturing (up 2.8% → down 1.4%, m-o-m) went down.
Retail sales (down 0.9% → up 3.9%, m-o-m) and construction investment (down 3.4% → up 0.3%, m-o-m) improved in August, facility investment remaining strong (up 2.1% → up 1.9%, m-o-m).
Exports declined 11.7 percent year-on-year in September, slowing down for a 10th consecutive month, as global economies remained weak and the semiconductor market has yet to rebound.
Consumer confidence rose 4.4 points to 96.9 in September, and the business sentiment index (BSI) for the manufacturing sector improved 3 points to 71, the outlook for October going up 1 point to 73.
The cyclical indicator of the coincident composite index increased 0.2 points in August to 99.5, and the cyclical indicator of the leading composite index fell 0.1 points to 98.3.
The economy added 348,000 jobs year-on-year in September as service jobs continued to grow. The unemployment rate fell 0.5 percentage points to 3.1 percent.
Consumer prices in September fell 0.4 percent from the previous year due to the low prices of fresh food and oil products, as well as a high base effect. Core inflation rose 0.6 percent.
KOSPI fell, the won weakened and Korea treasury yields declined in September.
Housing prices rose in September (down 0.05% → up 0.01%, m-o-m), and Jeonse (lump-sum deposits with no monthly payments) prices continued to fall (down 0.10% → down 0.03%, m-o-m).
Although the economy has been growing steadily, exports and investment remain weak amid slowing global demand, including the weak semiconductor market.
The government will work to boost investment, consumption and exports by implementing fiscal spending as planned, as well as other measures to support the economy. The government will strengthen its risk management and stay fully alert to potential risks.
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
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