Close

South Korea revised Q3 GDP +0.3% q/q, in line with earlier estimate

November 30, 2022 6:08 PM EST

FILE PHOTO: A woman shops amid the coronavirus disease (COVID-19) pandemic in Myeongdong shopping district in Seoul, South Korea, July 9, 2021. REUTERS/ Heo Ran


Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

SEOUL (Reuters) - South Korea's economy grew in the third quarter by a seasonally adjusted 0.3% from a quarter earlier, revised central bank data showed on Thursday, unchanged from the advance estimate released earlier.

It was slower than 0.7% in the second quarter and the slowest quarterly growth rate since the third quarter of 2021.

By expenditure, private consumption advanced 1.7% and facilities investment jumped 7.9%, but construction investment fell 0.2%. Exports rose 1.1%, while imports grew 6.0%.

The country's gross domestic product expanded 3.1% on a year-on-year basis, also unchanged from the earlier estimate.

(Reporting by Jihoon Lee; Editing by Chris Reese)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters