Wednesday , 6 November 2024
Home Forex South Korean Q3 GDP comes in well under estimates: +0.1% q/q (vs. +0.5% expected)
Forex

South Korean Q3 GDP comes in well under estimates: +0.1% q/q (vs. +0.5% expected)

This data comes from the Bank of Korea, SK’s central bank.

Q3 GDP

  • +0.1% q/q (expected +0.5%, prior -0.2%)
  • +1.5% y/y (expected +2.0%, prior +2.3%), slowest since Q3 2023

Q3:

  • private consumption +0.5% q/q
  • construction investment -2.8% q/q
  • facility investment +6.9% q/q
  • exports -0.4% q/q
  • imports +1.5% q/q

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

MUFG says GBP is less vulnerable to Trump tariffs than others

Analysts at MUFG say sterling is less vulnerable to tariffs than the...

Brasil’s central bank has hiked its benchmark rate by 50bp to 11.25%, as expected

Banco Central do Brasil Monetary Policy Committee (Copom) decision:Decision was unanimous.Pace of...

US Vice President Kamala Harris speaking now – live link

Harris giving her concession speech after the election. If you are interested:...

Japan looks to tighten cryptocurrency exchanges (websites) asset rules

Japan's financial watchdog looks to put legal curbs in place to prevent...