International Reserves in Korea
Korea - International ReservesThe economy remains on shaky ground in the second quarter, following the sharp slowdown logged in Q1, as headwinds from the global tech downturn, a re-escalation in U.S.-China trade tensions and a weakening Chinese economy continue to drag on the external sector. This was reflected in a sharper contraction in merchandise exports in May, hampered by falling demand for semiconductors, while operating conditions deteriorated in the manufacturing sector in the same month. Moreover, consumer and business confidence were entrenched in pessimistic territory in May, which bodes poorly for domestic demand; fiscal stimulus should provide some support, however. At the same time South Korean stocks have fallen in recent weeks on concerns over the outlook for the memory chip market.
Korea - International Reserves Data
|International Reserves (USD)||346||364||368||371||389|
5 years of economic forecasts for more than 30 economic indicators.
Korea International Reserves Chart
Source: Bank of Korea and FocusEconomics calculations.
|Bond Yield||1.55||1.55 %||Jul 11|
|Exchange Rate||1,174||0.21 %||Jul 11|
|Stock Market||2,081||-0.40 %||Jul 11|
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July 2, 2019
Consumer prices fell 0.2% over the prior month in June, swinging from May’s 0.2% increase.
July 1, 2019
The Nikkei and IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to a four-month low of 47.5 in June from 48.4 in May, falling further below the threshold that separates expansion from contraction in the manufacturing sector.
July 1, 2019
Merchandise exports tumbled 13.5% in annual terms in June, down from the revised 9.5% contraction logged in May (previously reported: -9.4% year-on-year), totaling USD 44.2 billion in June (May: USD 45.9 billion).
June 28, 2019
Industrial production in the mining, manufacturing, and gas and electricity sectors fell 0.2% in annual terms in April, down from the revised 0.2% increase registered in April (previously reported: -0.1% year-on-year).
June 27, 2019
The Bank of Korea’s forward-looking business confidence indicator for manufacturers remained stable at June’s 75 in July, while confidence in the non-manufacturing sector rose to 74 from 72.