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KDI - Korea Development Institute

KDI - Korea Development Institute



Monthly Economic Trends KDI Monthly Economic Trends 2021. 1 January 11, 2021

Monthly Economic Trends

Monthly published report on the analysis and forecast of the Korean economy based on domestic and foreign macroeconomic statistics.

KDI Monthly Economic Trends 2021. 1
January. 11. 2021
■ Despite the recovery in the manufacturing industry, the Korean economy remains subdued led by the service industry due to the rapid domestic resurgence of Covid-19.

○ The manufacturing industry is sustaining its recovery owed to the continued fast growth in durable goods consumption, equipment investment, and goods exports.

- Average exports per workday continue to accelerate while machinery equipment investment maintains high growth.

- The cyclical component of the leading composite index is on the rise and semiconductor-related indicators are sustaining favorable trends, suggesting that the manufacturing industry is likely to continue improving.

○ However, the sluggishness in the service industry appears to be worsening since mid-November due to the nationwide resurgence of Covid-19 and tighter quarantine measures.

- The CCSI turned to a steep decline from the continued upward trend, and high-contact businesses such as accommodation and food services continued to shrink rapidly.

- In December, credit card sales are expected to drop sharply due to the ramp-up of social distancing to level 2.5 in the capital area.
Major Economic Indicators

Summary and Assessment

Major Indicators of the Korean Economy

1. Gross Domestic Product
  (at 2015 Constant Prices)

2. Economic Activity

3. Consumption

4. Equipment Investment

5. Construction Investment

6-1. Exports, Imports and Terms of Trade

6-2. Current Account and Financial Account

7. Employment and Wage

8. Price Indices

9-1. Financial Market (I)

9-2. Financial Market (II)

10-1. Major Indicators of the World Economy (I)

10-2. Major Indicators of the World Economy (II)
국내총생산 및 국내총소득의 성장률(2015년 불변가격) Growth Rates of GDP and GDI (at 2015 Constant Prices)
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민간소비 및 고정투자(2015년 불변가격) Growth Rate of Private Consumption and Fixed Investment(at 2015 Constant Prices)
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총수출 및 총수입 Total Imports and Exports
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외국인 순매수 Foreign Investors’ Net Purchase of Stocks
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기업대출 Bank Loans to Corporations
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