Retail Sales in Korea

Korea Retail Sales | Economic News & Forecasts

Korea - Retail Sales

Economic growth was stable in the third quarter, as a softer contraction in fixed investment offset a slight deceleration in private consumption growth. Meanwhile, public spending continued to surge, albeit at a marginally softer pace than in the second quarter. Moreover, in the external sector, both exports and imports grew modestly in Q3; however, this resulted in a negative contribution to growth, contrasting the positive contribution in Q2. Shifting focus to the fourth quarter, economic growth again appears more or less steady: Consumer confidence hit a six-month high in October, although merchandise exports contracted in October at a sharper pace than in Q3. Meanwhile, in the diplomatic arena, President Moon Jae-in met his Japanese counterpart in early November. They agreed to thaw frosty bilateral relations, which bodes well for currently suppressed trade flows.

Korea - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)1.0  2.1  2.4  3.9  3.7  

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Korea Retail Sales Chart


Korea Retail
Note: Annual variation of retail sales in %.
Source: Korea National Statistics Office and FocusEconomics calculations.

Korea Facts

ValueChangeDate
Bond Yield1.341.55 %Sep 04
Exchange Rate1,2080.21 %Sep 04
Stock Market1,989-0.40 %Sep 04

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