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Monthly Economic Trends KDI Monthly Economic Trends 2024. 11 November 06, 2024

Monthly Economic Trends

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

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KDI Monthly Economic Trends 2024. 11
November. 06. 2024
Summary
The Korean economy maintains favorable export momentum, led by ICT products, yet domestic demand recovery is constrained by sluggish construction investment.
     
  The manufacturing industry maintains its recovery trend as ICT exports continued their growth momentum
     
  - Although export growth moderated due to base effects, the overall momentum remained favorable, led by ICT products
     
 
-
Consequently, the inventory-to-shipment ratio decreased, particularly in semiconductors, and the average capacity utilization rate remained elevated.
     
  However, despite the upward trend in equipment investment, the sustained weakness in goods consumption and construction investment continues to constrain domestic demand recovery.
     
  - The substantial increase in semiconductor equipment investment suggests that the effects of strong export performance may gradually spill over into domestic economic conditions.
     
  - By contrast, goods consumption continued its downward trajectory, while service consumption maintained modest growth.
     
  - Some leading indicators related to construction improved, yet the construction market remains contracted, as indicated by the value of construction completed continuing to post declines.
     
  - Accordingly, the inflation rate continues to decelerate.
Contents
Major Economic Indicators

Summary and Assessment

Major Indicators of the Korean Economy

1. Gross Domestic Product
  (at 2020 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. Housing Market

11-1. Major Indicators of the World Economy (I)

11-2. Major Indicators of the World Economy (II)
국내총생산 및 국내총소득의 성장률(2020년 불변가격) Growth Rates of GDP and GDI (at 2020 Constant Prices)
그래프 영역입니다. 그래프
민간소비 및 고정투자(2020년 불변가격) Growth Rate of Private Consumption and Fixed Investment(at 2020 Constant Prices)
그래프 영역입니다. 그래프
총수출 및 총수입 Total Imports and Exports
그래프 영역입니다. 그래프
외국인 순매수 Foreign Investors’ Net Purchase of Stocks
그래프 영역입니다. 그래프
기업대출 Bank Loans to Corporations
그래프 영역입니다. 그래프
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