Country Briefing: South Korea July 1, 1 Dr. Edward Yardeni 1-97-7 eyardeni@ Debbie Johnson --1 djohnson@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents Real GDP 1- Industrial Production Purchasing Managers Indexes Merchandise Trade Retail Sales Labor Market 7 Consumer & Business Confidence Consumer Prices 9-11 Interest Rates 1 Stock Market 1 Industrial Production & Exports 1 Exports 1-1 July 1, 1 / South Korea www.
Real GDP Figure 1. SOUTH KOREA: REAL GDP (quarterly percent change) Total Q1 - - - - - 1 1 1 1 1 - Household Consumption Q1 - - - - - 9 1 1 1 1 1 Gross Fixed Capital Formation (GFCF) - 9 Q1 - - - 1 1 1 1 1 1 Construction (GFCF) Q1-1 - - -1 1 1 1 1 1 Source: Bank of Korea. -1 Page 1 / July 1, 1 / South Korea www.
Real GDP 1 1 Figure. SOUTH KOREA: REAL GDP (quarterly percent change) Machinery & Equipment (GFCF) 1 1 - -1-1 1 1 1 1 1 Q1 - -1-1 Government Spending Q1-1 1 1 1 1 1 1 Exports of Goods & Services - 1 1 Q1 - - -1 1 1 - -1-1 - 1 1 1 1 1 Imports of Goods & Services 1 1 1 1 1 Source: Bank of Korea. Q1-1 1 1 - -1-1 - Page / July 1, 1 / South Korea www.
11 1 Figure. SOUTH KOREA: INDUSTRIAL PRODUCTION (1=1, sa) Industrial Production May 11 1 9 9 7 7 1 1 1 1 1 Source: National Statistics Office. 1 1 - -1-1 - - - - Figure. SOUTH KOREA: INDUSTRIAL PRODUCTION (yearly percent change) 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: National Statistics Office. May 1 1 - -1-1 - - - - Page / July 1, 1 / South Korea www.
Figure. SOUTH KOREA: MANUFACTURING PMI* Purchasing Managers Indexes 1 1 9 9 7 7 1 1 1 17 1 19 * An index above indicates an increase in manufacturing activity. An index below indicates a decrease in manufacturing activity. Soure: Haver Analytics. Page / July 1, 1 / South Korea www.
1 1 1 1 9 Figure. SOUTH KOREA: MERCHANDISE TRADE (billion dollars, sa) Merchandise Trade Balance 1 1 1 1 9 - - 1 1 1-1 - - - - 1 1 1 1 1 Exports Imports 1 1 1 1 1 (yearly percent change in -ma) Exports Imports 1 1 1 1 1 Source: Korea Customs Service. - - 1 1 1-1 - - - - Page / July 1, 1 / South Korea www.
1 1 1 1 11 Figure 7. SOUTH KOREA: RETAIL SALES (1=1, sa) Retail Sales 1 1 1 1 11 11 1 1 9 9 7 7 May 1 1 1 1 1 Source: National Statistics Office. 11 1 1 9 9 7 7 Figure. SOUTH KOREA: RETAIL SALES (yearly percent change) 1 1 1 1 May - - -1 1 1 1 1 1 Source: National Statistics Office. -1 Page / July 1, 1 / South Korea www.
Labor Market Figure 9. SOUTH KOREA: EMPLOYMENT (millions, sa) 1. 1. 1 1 1 1 1 SOUTH KOREA: UNEMPLOYMENT (millions, sa) 1. 1. 1.1 1. 1.1 1..9.9...7.7... 1 1 1 1 1 SOUTH KOREA: UNEMPLOYMENT RATE (percent)............ 1 1 1 1 1 Source: National Statistics Office.. Page 7 / July 1, 1 / South Korea www.
1 Figure 1. Consumer & Business Confidence SOUTH KOREA: CONSUMER CONFIDENCE (1=neutral, nsa) 1 1 1 1 1 9 1 11 1 1 1 1 1 17 1 19 Source: Bank of Korea. 1 Figure 11. SOUTH KOREA: BUSINESS CONFIDENCE (1=neutral, nsa) 1 9 9 7 7 7 9 1 11 1 1 1 1 1 17 1 19 Source: Bank of Korea. Page / July 1, 1 / South Korea www.
Figure 1. SOUTH KOREA: CONSUMER PRICE INDEX (yearly percent change) Consumer Prices Total Excluding Agricultural Products & Oil 1 1 1 1 1 1 Food & Non-Alcoholic Beverages 1 1 1-7 1-1 - - 1 1 1 1 1 Clothing & Footwear 1 1 1 1 1 Housing, Water, And Fuels 1 1 1 1 1 Source: National Statistics Office. - 7 1-1 - - Page 9 / July 1, 1 / South Korea www.
1 Figure 1. SOUTH KOREA: CONSUMER PRICE INDEX (yearly percent change) Household Furnishings & Maintenance Consumer Prices 1-1 1 1 1 1-1 1 1 Health 1-1 1 1 1 1-1 Transportation 1-1 -1-1 1 1 1 1 - Communication - - - - -9 1 1 1 1 1 Source: National Statistics Office. -9 Page 1 / July 1, 1 / South Korea www.
Figure 1. SOUTH KOREA: CONSUMER PRICE INDEX (yearly percent change) Culture & Recreation Consumer Prices - - - 1 1 1 1 1 Education - 1 1 1 1 1 Restaurants & Hotels 1 1 1 1 1 1 Miscellaneous Goods & Services 1 - - 1 1 1 1 1 Source: National Statistics Office. - - Page 11 / July 1, 1 / South Korea www.
......... Figure 1. SOUTH KOREA CENTRAL BANK RATE (percent) Interest Rates......... 1. 1.. 7 7 9 1 11 1 1 1 1 1 17 1 19 SOUTH KOREA INTERBANK -MONTH RATE (percent) 7/1 1. 1.. 7 1 7 9 1 11 1 1 1 1 1 17 1 19 SOUTH KOREA 1-YEAR GOVERNMENT BOND YIELD (percent) 7/1 1 7/1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Haver Analytics. Page 1 / July 1, 1 / South Korea www.
Figure 1. SOUTH KOREA: STOCK PRICE INDEX (Kospi) Stock Market 7/1 1 1 1 1 1 1 1 1 -day Moving Average 1 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Reuters America, Inc. Page 1 / July 1, 1 / South Korea www.
Industrial Production & Exports 1 Figure 17. SOUTH KOREA 1 1 Industrial Production (ex construction) (1=1) May Exports (billions US$) 1 1 7 9 9 91 9 9 9 9 9 97 9 99 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Haver Analytics. Page 1 / July 1, 1 / South Korea www.
Exports Figure 1. SOUTH KOREA EXPORTS (billion won, sa) Total (9.9) 1 1 9 9 91 9 9 9 9 9 97 9 99 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Korea Customs Service and Haver Analytics. 1 1 Figure 19. SOUTH KOREA EXPORTS (yearly percent change in won) 1 1 1 7 Total (-.) 1 7 - - - 9 9 91 9 9 9 9 9 97 9 99 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Korea Customs Service and Haver Analytics. - Page 1 / July 1, 1 / South Korea www.
Figure. SOUTH KOREA EXPORTS TO CHINA (billion won, sa) Exports 1 1 Total (17.7) 1 1 9 9 91 9 9 9 9 9 97 9 99 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Korea Customs Service and Haver Analytics. Figure 1. SOUTH KOREA EXPORTS TO CHINA (yearly percent change in won) Total (.) 1 1 1 1-9 9 91 9 9 9 9 9 97 9 99 1 7 9 1 11 1 1 1 1 1 17 1 19 Source: Korea Customs Service and Haver Analytics. - Page 1 / July 1, 1 / South Korea www.
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