SEOUL, Oct 26 (Reuters) - The following South Korean economic
indicators and events are scheduled for release soon:
DATE LOCAL/GMT INDICATOR/EVENT PERIOD FORECAST PREV
--------------------------- Oct 25 week ------------------------
26/10 0800/*2300 Gross domestic product Q3 2.2% 2.6%
growth estimates (q/q)
27/10 0600/*2100 Consumer sentiment Oct n/a 114
index
28/10 0800/*2300 Current account Sept n/a $1.79b
29/10 0600/*2100 Manufacturing business Nov n/a 92
survey index
30/10 1330/ 0430 Industrial output Sept n/a
1.3%
growth (mth/mth)
30/10 1330/ 0430 Service sector output Sept n/a
0.6%
growth (mth/mth)
--------------------------- Nov 1 week -------------------------
01/11 1000/ 0100 Export growth (yr/yr) Oct n/a
7.8%
02/11 1330/ 0430 Consumer price index Oct n/a 2.2%
growth (yr/yr)
* GMT on the previous day
Q3 GDP SEEN UP 2.2 PCT FROM Q2 - South Korea's economy probably expanded for the third straight quarter in July to September, underlining that the country is pulling out of its downturn and will have to start raising interest rates early in 2010.
For a full poll, double-click
- - - -
The following is a list of the latest South Korean economic data (figures for latest periods subject to revision):
MONTHLY DATA:
Export growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-7.8 -20.9 -21.9 -12.6 -29.0 -19.9 -22.5 -18.5 -34.5
Import growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-24.6 -32.2 -35.6 -32.4 -39.7 -35.2 -35.6 -30.8 -31.4
Trade balance ($1 bln)
Sept Aug Jul Jun May Apr Mar Feb Jan
4.71 1.57 4.34 6.97 4.63 5.54 3.99 2.82
3.79
Industrial output growth (yr/yr pct)
Aug Jul Jun May Apr Mar Feb Jan Dec
1.2 0.9 -1.1 -9.0 -8.2 -10.5 -10.0 -25.5
18.7
Industrial output growth (mth/mth pct, seasonally adjusted)
Aug Jul Jun May Apr Mar Feb Jan Dec
-1.3 2.1 5.8 1.4 2.6 4.9 7.1 1.7 -9.6
Service sector output growth (yr/yr pct)
Aug Jul Jun May Apr Mar Feb Jan Dec
1.1 0.9 2.8 0.3 1.9 -0.7 0.3 -1.1
1.2
Service sector output growth (mth/mth pct, seasonally adjusted)
Aug Jul Jun May Apr Mar Feb Jan Dec
-0.6 -0.6 1.9 -1.0 2.9 -1.0 1.4 0.5 0.1
Consumer price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
2.2 2.2 1.6 2.0 2.7 3.6 3.9 4.1 3.7
Consumer price index growth
(mth/mth pct, non-seasonally adjusted)
Sept Aug Jul Jun May Apr Mar Feb Jan
0.1 0.4 0.4
0.1 0.0 0.3 0.7 0.7 0.1
Producer price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-2.6 -3.0 -3.8 -3.1 -1.3 1.5 3.5 4.4 4.7
Producer price index growth (mth/mth pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
0.1 0.5 1.2 -0.3 -0.8 0.2 0.5 0.6
0.3
Import price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-10.8 -7.0 -12.9 -11.9 -13.9 -1.8 10.6 18.0 16.7
Import price index growth (mth/mth pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-1.9 2.1 0.0 5.1 -3.0 -7.8 1.3 3.9 -1.8
Export price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-7.2 -1.1 -2.7 -3.3 -4.1 7.7 17.4 22.9 18.6
Export price index growth (mth/mth pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-1.8 0.2 0.7 1.9 -4.5 -6.0 1.6 4.8 -3.4
Unemployment rate (pct, seasonally adjusted)
Sept Aug Jul Jun May Apr Mar Feb Jan
3.6 3.8 3.8 4.0 3.9 3.7 3.7 3.5 3.3
Current account balance ($mln, seasonally adjusted)
Aug Jul Jun May Apr Mar Feb Jan Dec
1,787 3,895 4,669 2,986 6,470 6,643 4,088
1,444 1,778
Foreign exchange reserves ($bln, at month-end)
Sept Aug Jul Jun May Apr Mar Feb Jan
254.3 245.5 237.5 231.7 226.8 212.5 206.3 201.5 201.7
Bank of Korea's manufacturing business survey index
(seasonally adjusted)
Oct Sept Aug Jul Jun May Apr Mar Feb
92 92 86 82 74 67 58 48 51
Bank of Korea's consumer sentiment index
Sept Aug Jul Jun May Apr Mar Feb Jan
114 114 109 106 105 98 84 85 84
L money supply growth (yr/yr pct)
Aug Jul Jun May Apr Mar Feb Jan Dec
8.9 9.7 9.9 9.5 9.5 10.6 10.8 10.9 10.6
QUARTERLY DATA:
GDP growth (yr/yr pct)
Q2/2009 Q1/2009 Q4/2008 Q3/2008 Q2/2008 Q1/2008
-2.2 -4.2 -3.4 3.1 4.3 5.5
GDP growth (qtr/qtr pct, seasonally adjusted)
Q2/2009 Q1/2009 Q4/2008 Q3/2008 Q2/2008 Q1/2008
2.6 0.1
5.1 0.2 0.4 1.1
ANNUAL DATA:
GDP growth (pct)
2008 2007 2006 2005 2004 2003 2002 2001 2000
2.2 5.1 5.2 4.0 4.6 2.8 7.2 4.0 8.5
Fiscal balance (pct of annual GDP)
2008 2007 2006 2005 2004 2003 2002 2001 2000
-1.6 0.4 -1.3 -1.0 -0.5 0.1 0.7 -1.3 -1.0
Sources: Ministry of Strategy and Finance
Bank of Korea
Ministry of Knowledge Economy
Ministry of Labour
National Statistical Office
- - - - -
Following are 2009 forecasts for the South Korean economy by major organisations, compiled by Reuters (percent growth from a year earlier unless stated otherwise):
GDP ^CPI ~C/A
International Monetary Fund (Oct 1) -1.0 2.6 =
Asian Development Bank (Sept 22) -2.0 2.5 =
Korea Development Institute (Sept 8) -0.7 2.8 31.1
Reuters poll (July 15) -1.7 2.8 =
Bank of Korea (July 10) -1.6 2.9 29.0
Finance Ministry (June 25) -1.5 below 3.0 25.0
OECD (June 24) -2.2 2.5 26.2
World Bank (June 22) -3.5/-3.0 = =
Notes:
OECD - Organisation for Economic Co-operation and Development
^ average percentage growth in the consumer price index
~ current account balance in billion U.S. dollars
= no forecast
Dates in brackets show when the forecast was made.
(Reporting by Cheon Jong-woo; Editing by Yoo Choonsik)
((jongwoo.cheon@thomsonreuters.com; +82 2 3704 5665; Reuters Messaging;jongwoo.cheon.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/DATA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
DATE LOCAL/GMT INDICATOR/EVENT PERIOD FORECAST PREV
--------------------------- Oct 25 week ------------------------
26/10 0800/*2300 Gross domestic product Q3 2.2% 2.6%
growth estimates (q/q)
27/10 0600/*2100 Consumer sentiment Oct n/a 114
index
28/10 0800/*2300 Current account Sept n/a $1.79b
29/10 0600/*2100 Manufacturing business Nov n/a 92
survey index
30/10 1330/ 0430 Industrial output Sept n/a
1.3%
growth (mth/mth)
30/10 1330/ 0430 Service sector output Sept n/a
0.6%
growth (mth/mth)
--------------------------- Nov 1 week -------------------------
01/11 1000/ 0100 Export growth (yr/yr) Oct n/a
7.8%
02/11 1330/ 0430 Consumer price index Oct n/a 2.2%
growth (yr/yr)
* GMT on the previous day
Q3 GDP SEEN UP 2.2 PCT FROM Q2 - South Korea's economy probably expanded for the third straight quarter in July to September, underlining that the country is pulling out of its downturn and will have to start raising interest rates early in 2010.
For a full poll, double-click
- - - -
The following is a list of the latest South Korean economic data (figures for latest periods subject to revision):
MONTHLY DATA:
Export growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-7.8 -20.9 -21.9 -12.6 -29.0 -19.9 -22.5 -18.5 -34.5
Import growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-24.6 -32.2 -35.6 -32.4 -39.7 -35.2 -35.6 -30.8 -31.4
Trade balance ($1 bln)
Sept Aug Jul Jun May Apr Mar Feb Jan
4.71 1.57 4.34 6.97 4.63 5.54 3.99 2.82
3.79
Industrial output growth (yr/yr pct)
Aug Jul Jun May Apr Mar Feb Jan Dec
1.2 0.9 -1.1 -9.0 -8.2 -10.5 -10.0 -25.5
18.7
Industrial output growth (mth/mth pct, seasonally adjusted)
Aug Jul Jun May Apr Mar Feb Jan Dec
-1.3 2.1 5.8 1.4 2.6 4.9 7.1 1.7 -9.6
Service sector output growth (yr/yr pct)
Aug Jul Jun May Apr Mar Feb Jan Dec
1.1 0.9 2.8 0.3 1.9 -0.7 0.3 -1.1
1.2
Service sector output growth (mth/mth pct, seasonally adjusted)
Aug Jul Jun May Apr Mar Feb Jan Dec
-0.6 -0.6 1.9 -1.0 2.9 -1.0 1.4 0.5 0.1
Consumer price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
2.2 2.2 1.6 2.0 2.7 3.6 3.9 4.1 3.7
Consumer price index growth
(mth/mth pct, non-seasonally adjusted)
Sept Aug Jul Jun May Apr Mar Feb Jan
0.1 0.4 0.4
0.1 0.0 0.3 0.7 0.7 0.1
Producer price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-2.6 -3.0 -3.8 -3.1 -1.3 1.5 3.5 4.4 4.7
Producer price index growth (mth/mth pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
0.1 0.5 1.2 -0.3 -0.8 0.2 0.5 0.6
0.3
Import price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-10.8 -7.0 -12.9 -11.9 -13.9 -1.8 10.6 18.0 16.7
Import price index growth (mth/mth pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-1.9 2.1 0.0 5.1 -3.0 -7.8 1.3 3.9 -1.8
Export price index growth (yr/yr pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-7.2 -1.1 -2.7 -3.3 -4.1 7.7 17.4 22.9 18.6
Export price index growth (mth/mth pct)
Sept Aug Jul Jun May Apr Mar Feb Jan
-1.8 0.2 0.7 1.9 -4.5 -6.0 1.6 4.8 -3.4
Unemployment rate (pct, seasonally adjusted)
Sept Aug Jul Jun May Apr Mar Feb Jan
3.6 3.8 3.8 4.0 3.9 3.7 3.7 3.5 3.3
Current account balance ($mln, seasonally adjusted)
Aug Jul Jun May Apr Mar Feb Jan Dec
1,787 3,895 4,669 2,986 6,470 6,643 4,088
1,444 1,778
Foreign exchange reserves ($bln, at month-end)
Sept Aug Jul Jun May Apr Mar Feb Jan
254.3 245.5 237.5 231.7 226.8 212.5 206.3 201.5 201.7
Bank of Korea's manufacturing business survey index
(seasonally adjusted)
Oct Sept Aug Jul Jun May Apr Mar Feb
92 92 86 82 74 67 58 48 51
Bank of Korea's consumer sentiment index
Sept Aug Jul Jun May Apr Mar Feb Jan
114 114 109 106 105 98 84 85 84
L money supply growth (yr/yr pct)
Aug Jul Jun May Apr Mar Feb Jan Dec
8.9 9.7 9.9 9.5 9.5 10.6 10.8 10.9 10.6
QUARTERLY DATA:
GDP growth (yr/yr pct)
Q2/2009 Q1/2009 Q4/2008 Q3/2008 Q2/2008 Q1/2008
-2.2 -4.2 -3.4 3.1 4.3 5.5
GDP growth (qtr/qtr pct, seasonally adjusted)
Q2/2009 Q1/2009 Q4/2008 Q3/2008 Q2/2008 Q1/2008
2.6 0.1
5.1 0.2 0.4 1.1
ANNUAL DATA:
GDP growth (pct)
2008 2007 2006 2005 2004 2003 2002 2001 2000
2.2 5.1 5.2 4.0 4.6 2.8 7.2 4.0 8.5
Fiscal balance (pct of annual GDP)
2008 2007 2006 2005 2004 2003 2002 2001 2000
-1.6 0.4 -1.3 -1.0 -0.5 0.1 0.7 -1.3 -1.0
Sources: Ministry of Strategy and Finance
Bank of Korea
Ministry of Knowledge Economy
Ministry of Labour
National Statistical Office
- - - - -
Following are 2009 forecasts for the South Korean economy by major organisations, compiled by Reuters (percent growth from a year earlier unless stated otherwise):
GDP ^CPI ~C/A
International Monetary Fund (Oct 1) -1.0 2.6 =
Asian Development Bank (Sept 22) -2.0 2.5 =
Korea Development Institute (Sept 8) -0.7 2.8 31.1
Reuters poll (July 15) -1.7 2.8 =
Bank of Korea (July 10) -1.6 2.9 29.0
Finance Ministry (June 25) -1.5 below 3.0 25.0
OECD (June 24) -2.2 2.5 26.2
World Bank (June 22) -3.5/-3.0 = =
Notes:
OECD - Organisation for Economic Co-operation and Development
^ average percentage growth in the consumer price index
~ current account balance in billion U.S. dollars
= no forecast
Dates in brackets show when the forecast was made.
(Reporting by Cheon Jong-woo; Editing by Yoo Choonsik)
((jongwoo.cheon@thomsonreuters.com; +82 2 3704 5665; Reuters Messaging;jongwoo.cheon.reuters.com@reuters.net)) Keywords: KOREA ECONOMY/DATA (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.