South Korea real GDP grows 0.6 percent in Q3Staff Writer | December 4, 2018
South Korea's real gross domestic product (GDP), adjusted for inflation, grew 0.6 percent in the July-September quarter from the previous quarter, central bank data showed on Tuesday.
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Facility investment declined 4.4 percent in the third quarter from three months earlier on weak demand in machinery. It was up from a 5.7 percent reduction in the second quarter.
Investment in the construction sector slumped 6.7 percent in the quarter.
Private consumption rose 0.5 percent on demand for semi-durable goods such as clothing and non-durable goods.
Fiscal spending expanded 1.5 percent in the September quarter on an increased benefits of public health insurance.
Export, which accounts for about half of the export-driven economy, advanced 3.9 percent in the quarter, but import inched down 0.7 percent. ■