In September, facilities investment increased while construction investment decreased. Industrial production adjusted after a sharp rebound in the previous month. In October, job growth increased and the growth of consumer prices continued to moderate.

In September, total production fell (down 0.3% m-o-m and down 1.1 y-o-y) , as industrial production (down 0.2% m-o-m and down 1.3% y-o-y) , services production (down 0.7% m-o-m and down 0.2% y-o-y) , and construction production (down 0.1% and down 12.1% y-o-y) declined, while public administration increased (up 2.6% m-o-m and up 1.3% y-o-y) .

In September, facilities investment (up 8.4% m-o-m and up 6.1% y-o-y) surged, while retail sales (down 0.4% m-o-m and down 2.2% y-o-y) and construction investment (down 0.1% m-o-m and down 12.1% y-o-y) decreased.

In October, exports increased by 4.6 percent from a year ago, driven by growth in semiconductor and automobile exports.

In October, the Consumer Sentiment Index (CSI) increased by 1.7 points to 101.7 month-on-month. The Composite Business Sentiment Index (CBSI) moved up by 0.9 points in October, while the CBSI outlook for November fell by 2.8 points to 89.8.

In September, the cyclical indicator of the coincident composite index fell by 0.1 points month-on month, while the cyclical indicator of the leading composite index remained unchanged.

In October, the economy added 83,000 jobs compared to the previous year and the unemployment rate rose by 0.2 percentage points from a year ago to 2.3 percent.

In October, the year-on-year growth of Consumer Price Index (CPI) slowed down to 1.3 percent. The index excluding food and energy prices increased by 1.8 percent, and the index excluding agricultural and petroleum products increased by 1.7 percent. The CPI for basic necessities rose by 1.2 percent.

In October, Korean equity prices fell, the Korean Treasury Bond yields rose, and the Korean Won weakened against the dollar.

In October, housing prices and Jeonse (lump-sum deposits with no monthly payments) prices rose at a slower rate than the previous month (up 0.07% m-o-m and up 0.16% m-o-m, respectively) .

As prices have continued to stabilize recently, the Korean economy has been able to show a sustained recovery. However, economic uncertainties still persist, both domestically and globally.

While the global economic is broadly on a recovery path, uncertainties are increasing owing to persistent geopolitical risks in the Middle East and potential changes in the trade environment.

Against this background, the Korean government plans to mobilize a comprehensive policy response system in finance, trade, and industry. The government also plans to strengthen support for vulnerable sectors such as construction investment and small business owners with a range of tailored policies alongside the measures outlined in the ‘Dynamic Economy Roadmap’ to enhance the sustainability of the Korean economy.

■ Current Economic Trends
　Overview
　Economic Activity
　　1. Gross Domestic Product
　　2. Total Production and composite index of business indicators
　　3. Private consumption
　　4. Facility investment
　　5. Construction investment
　　6. Exports and imports
　　7. Employment
　　8. Prices
　　9. Housing market
　Financial Markets
　　1. Stock market
　　2. Bond market
　　3. Foreign exchange market
　　4. Money market
　　5. Official foreign reserves
　　6. External debt
　Public Finance
　　1. Fiscal balance
　　2. Government debt

■ Economic News Briefing
　　1. Preparations to Issue the First-Ever Australian Dollar-Denominated Foreign Exchange Bond
　　2. 2024 Article IV Consultation: Meetings with the IMF Mission Team to Korea
　　3. Korea’s External debt Amounted to US$702.7 billion in Q3 2024