South Korea advance Q3 GDP rises 1.0% q/q, beating forecast; private consumption falls

South Korea's central bank said advance Q3 GDP rose 1.0% q/q versus a 0.8% forecast and 0.6% prior; y/y growth was 3.4% vs 3.1% forecast. About half of growth came from semiconductors. Private consumption fell 0.2%, the first drop in nearly four years, as financial services contracted with the stock market. Exports rose 2.3% q/q, construction investment 0.7% and facility spending 4.1%.

Detected & updated continuously · Source: Nebula