Country Briefing: South Korea

Similar documents
Country Briefing: Australia

Country Briefing: Mexico

Global Economic Indicators: United Kingdom Wages

Global Economic Indicators: Global Purchasing Managers Indexes

Global Economic Briefing: China International Reserves & Capital Flows

US Mutual Funds: Weekly New Cash Flows

US Mutual Funds: Weekly New Cash Flows

Money & Credit: China Social Financing

Global Economic Indicators: China Trade

Country Briefing: India

Global Economic Indicators: Implied International Capital Flows

US Economic Indicators: Consumer Credit

US Economic Indicators: Individual Tax Receipts Per Worker

Money & Credit: Central Bank Holdings Of US Securities

Market Briefing: US Corporate Bond Yields

US Mutual Funds Monthly Statistics (Including ETFs)

US Mutual Funds Monthly Statistics (Including ETFs)

US Economic Indicators: Personal Income & Consumption

US Flow of Funds: Nonfinancial Corporate Debt Burden

Stock Market Briefing: S&P 500 Shares Outstanding By Sectors Since 2006

US Flow of Funds: US Household Wealth

US Economic Indicators: YRI Earned Income Proxy

Global Economic Briefing: Comparative GDP Growth Rates

US Demography: Median Age & Life Expectancy

Market Briefing: US Interest Rates

US Economic Indicators: Balance of Payments

Stock Market Indicators: Margin Debt

US Flow of Funds: Rest of World Holdings of US Public & Private Debt

Global Economic Indicators: Exports & Imports In Real GDP

Global Economic Indicators: European PMIs

US Economic Indicators: NFIB Small Business Survey

US Government Finance: Federal GDP Outlays & Income Redistribution

Country Briefing: United Kingdom

Global Economic Indicators: Japan CPI

Money & Credit: US Quarterly Banking Profile (FDIC)

US Economic Indicators: PCE Budget Shares

Market Briefing: US Bond Yields

US Economic Indicators: Corporate Taxes

US Economic Indicators: Productivity in Manufacturing

US Demography: Retirement

S&P 500 Industry Briefing: S&P 500 Excluding Financials

US Demography: Median Age, Longevity, & Deaths

US Economic Indicators: Productivity Proxy

US Economic Indicators: Citigroup Economic Surprise Index

US Flow of Funds: Mutual Funds & ETFs By Investment Objective

Stock Market Briefing: S&P 500 Interest Expense

US Flow of Funds: Treasury International Capital System (TICS)

US Flow of Funds: Treasury International Capital System (TICS)

Money & Credit: US Short-Term Business Credit

US Economic Indicators: Yield Curve

Market Briefing: Nominal & Real Yields & Inflationary Expectations

Global Economic Indicators: Markit Flash PMIs

US Monetary Policy: Taylor Rule & Output Gap

S&P 500 Industry Briefing: S&P 500 Excluding IT

US Economic Indicators: Mortgage Applications & Mortgage Rates

Mutual Funds. Yardeni Research, Inc. November 30, Dr. Edward Yardeni

Mutual Funds. Yardeni Research, Inc. June 28, Dr. Edward Yardeni

US Economic Indicators: GDP By Industry

Market Briefing: Global Interest Rates

Global Economic Indicators: Global Purchasing Managers NM-PMIs

Market Briefing: MSCI Currency Indexes

US Economic Indicators: Resource Utilization

Global Index Briefing: Major MSCI Stock Markets Revenues & Earnings

US Economic Indicators: Capital Spending In Real GDP

Performance 2018: S&P 500/400/600 Sectors

Market Briefing: MSCI Correlations

Global Economic Indicators: Eurozone Manufacturing Orders

Global Economic Indicators Eurozone CPI Components (3-month basis)

Global Demography: Japan

Stock Market Briefing: S&P vs. Thomson Reuters Earnings

Money & Credit: Monetary Aggregates in Eurozone

US Economic Indicators: Productivity Cycles

Economic Indictors: Real Hourly Wages & Compensation Per Worker

US Economic Briefing: Income Measures

Chart Collection for Morning Briefing

Stock Market Indicators: Liquid Assets

Country Briefing: Eurozone

US Flow of Funds: Equities

Stock Market Indicators S&P 500 Yields: Earnings, Dividends, & Buybacks

US Economic Indicators: Productivity & Real Hourly Compensation

Global Economic Indicators: Eurozone CPI

US Economic Indicators: Personal Saving

Country Briefing: Eurozone

Global Index Briefing: Major MSCI Stock Markets Revenues & Earnings

Stock Market Indicators S&P 500 Yields: Earnings, Dividends, & Buybacks

Market Briefing: Oil Prices

US Economic Indicators: Employment

Market Briefing: S&P 500 Revenues, Earnings, & Dividends

Market Briefing: S&P 500 Revenues, Earnings, & Dividends

Stock Market Indicators: Historical Monthly & Annual Returns

Country Briefing: Japan

Stock Market Briefing: Fundamental Stock Market Indicator

US Economic Indicators: Prices Paid & Received Surveys

US Government Finance: Outlays and Receipts

Stock Market Briefing: NIPA vs. S&P 500 Profits

Global Index Briefing: World Oil, Gas & Consumable Fuels Industry MSCI

Stock Market Briefing: Stocks As Recession Indicator

US Monetary Policy: Winding & Unwinding QE

Stock Market Briefing: S&P 500 Blue Angels

US Social Welfare: Social Security For Disability

Transcription:

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.

Copyright (c) 1. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on www., blog., http://blog. and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, email or website are proprietary to and constitute valuable intellectual property. No material from any part of www., blog., http://blog. and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any email and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s emails, website, blog and Apps. Additional information available on request. requests@