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S. Korean Economy Showed Signs of Economic Improvement


April, 11 2017
watermark Economic news

As stated in the monthly economic assessment report of the government published on Tuesday, the stable surge in investments, exports, and uplift in households consumption has spearheaded the economy and manifested signs for an upturn.

The statistics are based on the most recent economic drivers including the consumption, corporate investment, exports and production that has given some indications concerning the improvement of the country within the past months.

The finance ministry has mentioned that the fast-moving exports led the upside pace of the production sector. While the outgoing cargoes grew more by 13.7 as the fuel products and semiconductor had risen sharply yearly in March. It further indicated a fifth consecutive annual growth which happened for the first time, the last time was recorded on December 2011.

The output for the industrial sector declined by 3.4 percent during January and February, however, it boosted by 6.6 percent a year ago as the car and machinery manufacturing escalated.

The ministry of finance revealed that amid the favorable indications of the sovereign state, the internal and external downside pressure continue to rise in the upcoming months.

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