Korea: Economic activity dips in April
Latest reading: Economic activity slid 0.8% in seasonally adjusted month-on-month terms in April (March: +0.9% mom s.a.). April’s figure was driven by a broad-based decline across all subsectors.
On an annual basis, economic activity dropped 0.5% in April, contrasting March’s 1.5% expansion. Accordingly, the trend pointed downward, with the annual average growth of economic activity coming in at 0.3% in April, down from March’s 0.7% reading.