South Korean Economy Advances 3.6% in Q2
South Korean GDP advanced 3.6 year-on-year in the second quarter of 2014, down from 3.9 percent in the previous period, as all main production sectors slowed except electricity, water and gas supply.
7/24/2014 12:29:52 AM
On the production side, only electricity, water and gas supply expanded at a fastest pace (0.7 percent year-on-year in Q2 from 0.4 percent in Q1), according to advance estimates.
Agriculture, forestry and fishing activities grew 3 percent, slowing sharply from a 7.7 percent increase in the previous quarter. Manufacturing production rose at a slower 5.4 percent (5.6 percent in Q1), construction increased 0.9 percent (2.3 percent in Q1) and the services sector expanded 2.8 percent (3.3 percent in Q1).
On a quarter-on-quarter basis, the economy advanced 0.6 percent in the second quarter of 2014, down from a 0.9 percent expansion in the previous two quarters.