South Korea GDP Growth Revised Up


The South Korean economy advanced 2.7 percent year-on-year in the third quarter of 2015, higher than a preliminary estimate of 2.6 percent and the biggest expansion so far this year, final figures showed.

The construction sector increased at a faster 4.6 percent (4.3 percent in the preliminary estimate) while growth in manufacturing and services came in line with the first release (1.7 percent and 2.6 percent respectively) while agriculture shrank more than anticipated (-0.7 percent compared to -0.6 percent).

On a quarterly basis, the economy advanced 1.3 percent, higher than 1.2 percent previously reported and the biggest expansion since the second quarter of 2010. 

South Korea GDP Growth Revised Up


Bank of Korea l Joana Taborda | joana.taborda@tradingeconomics.com
12/2/2015 11:27:35 PM