■ The Green Book: Current Economic Trends
01. External economic situation
02. Private consumption
03. Facility investment
04. Construction investment
05. Exports and imports
06. Mining and manufacturing production
07. Service sector activity
09. 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
■ Policy Issue
2020 economic policies
■ Economic News Briefing
Korea grows 2.0% in Q3 2019
Korea signs CEPA with Indonesia
Korean foreign direct investment, Q3 2019
Korea to impose tariff-rate quotas on 77 imports in 2020
■ Statistical Appendices
Services and construction investment improved in October, while mining & manufacturing slowed down, as well as facilities investment. Job markets continued to improve in November and consumer prices rose somewhat.
Industrial production fell 0.4 percent from the previous month in October as mining & manufacturing declined (down 1.7%, m-o-m and down 2.5%, y-o-y) . Services improved somewhat (up 0.3%, m-o-m and up 0.7%, y-o-y).
Retail sales (down 0.5%, m-o-m and up 2.1%, y-o-y) and facilities investment (down 0.8%, m-o-m and down 4.8%, y-o-y) went down in October. Construction investment increased (up 1.7%, m-o-m and down 4.3%, y-o-y).
Exports declined 14.3 percent year-on-year in November, slowing down for a 12th consecutive month, as global demand remained weak, including the semiconductor market.
The consumer sentiment index (CSI) continued to rise in November, up 2.3 points to 100.9. The business sentiment index (BSI) for the manufacturing sector improved 2 points to 74, and the outlook for December went down 1 point to 71.
The cyclical indicator of the coincident composite index fell 0.1 points to 99.4, and the cyclical indicator of the leading composite index rose 0.2 points to 98.7.
The economy added 331,000 jobs year-on-year in November backed by the service sector. The unemployment rate stayed low at 3.1 percent.
Consumer prices rose 0.2 percent year-on-year in November as the declines in farm product prices and petroleum product prices decelerated. Core inflation rose 0.6 percent.
KOSPI fell in November, as well as Korea treasury yields, after rallying until the middle of the month. The won weakened.
Both the housing prices (up 0.12% → up 0.19%, m-o-m) and Jeonse (lumpsum deposits with no monthly payments) prices (up 0.09% → up 0.14%, m-o-m) rose in November.
Growth has been slowing down, despite solid consumption and services, as exports and construction investment have not picked up.
Uncertainties linger amid “a synchronized slowdown” in the global economy and concerns about the US-China trade conflicts. Semiconductor markets remain weak and Japan’s export controls continues.
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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