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REPUBLIC OF KOREA
CURRENT ECONOMIC SITUATION IN KOREA, November 2023
● PRODUCTION & CONSUMPTION TREND (SEP 2023, MoM)
- ALL INDUSTRY PRODUCTION : +1.1%(+2.8% YoY)
- RETAIL SALES : +0.2%(-1.9% YoY)
● INVESTMENT TREND (SEP 2023, MoM)
- FACILITY INVESTMENT : +8.7%(-5.7% YoY)
- CONSTRUCTION INVESTMENT : +2.5%(+14.5% YoY)
● EXPORT TREND (OCT 2023, US$ billion, YoY)
- EXPORTS : $55.08 +5.1%
- AVERAGE DAILY EXPORTS : $2.62 +7.6%
● EMPLOYMENT TREND (OCT 2023, YoY)
- EMPLOYMENT : 63.3% +0.6%p
- UNEMPLOYMENT : 2.1% -0.3%p
● CONSUMER SENTIMENT INDEX (CSI) & THE BUSINESS SURVEY INDEX (BSI) (OCT 2023, MoM)
- CSI : 98.1 -1.6p
- BSI : 70.0 -3.0p
● CYCLICAL COMPONENT OF COMPOSITE INDEX (SEP 2023, MoM)
- COMPOSITE COINCIDENT INDEX : 99.3 -0.1p
- COMPOSITE LEADING INDEX : 99.4 +0.1p
● CONSUMER PRICES (OCT 2023, YoY)
- CONSUMER PRICE INFLATION : +3.8%
- CORE INFLATION : +3.2%
● HOUSING PRICES (OCT 2023, MoM)
- HOUSING PRICES : +0.20%
- JEONSE PRICES(Lump-sum deposits with no monthly payments) : +0.36%