South Korea's second quarter GDP rises 0.6% on-quarter
  • 6 years ago
South Korea's economy grew at a slower than expected pace in the second quarter.
The Bank of Korea says the country's GDP for the April-to-June period rose zero-point-six percent on-quarter.
That's slower than the first quarter's one percent growth, and also zero-point-one percentage points lower than an earlier estimate released in July.
While facilities investment in Q2 was nearly one percent higher than earlier estimates, construction investment, exports and imports all dropped.
Private consumption edged up by zero-point-three percent, the slowest rate since the fourth quarter of 2016.
Real gross national income fell by one percent on-quarter.