Breaking News Economic growth rate of 0.1% in Q3 of this year... "Slow exports"

In the third quarter of this year, our economy grew only 0.1% due to sluggish exports.

The BOK said real GDP, GDP grew 0.1% in the third quarter of this year from the previous quarter.

This is the same number as the breaking news released by the Bank of Korea in October.

Private consumption increased by 0.5% mainly on goods and services,

Facility investment increased by 6.5%.

However, construction investment fell by 3.6%, and exports, which are the pillars of our economy, were shaken, driving down the overall growth rate.

Specifically, exports fell 0.2% mainly on automobiles and chemicals, while imports rose 1.6% mainly on machinery and equipment.

The Bank of Korea (BOK) said exports were raised by 0.2%p and imports by 0.1%p as a result of reflecting some earnings data missing from the October breaking news estimate.

In addition, construction investment and facility investment were lowered by 0.8%p and 0.4%p, respectively.

The real gross national income, GNI, has increased by 1.4% compared to the last two quarters.