South Korea's Ministry of Planning and Finance released the October edition of “Recent Economic Trends” on the 18th. The green paper indicates that prices have gradually stabilized recently, exports and manufacturing are driving economic recovery, and domestic demand such as equipment investment and service industries is showing signs of slow recovery. This is the sixth month in a row that the government has assessed that domestic demand is showing signs of recovery, but it is different from the pace of export recovery. On the external side, there are uncertainties such as economic slowdown in major countries and fluctuations in raw material prices. Judging from various indicators, production in the service sector increased by 0.2% month-on-month in August, and maintained an upward trend for three consecutive months. Retail sales increased 1.7% month-on-month, driven by an increase in credit card transactions and domestic automobile sales. In contrast, the consumer confidence index fell 0.8 percentage points month-on-month to 100. Equipment investment increased 7.8% year over year. In terms of exports, exports increased 7.5% year-on-year in September, and maintained an upward trend for 12 consecutive months.

South Korea's Ministry of Planning and Finance released the October edition of “Recent Economic Trends” on the 18th. The green paper indicates that prices have gradually stabilized recently, exports and manufacturing are driving economic recovery, and domestic demand such as equipment investment and service industries is showing signs of slow recovery. This is the sixth month in a row that the government has assessed that domestic demand is showing signs of recovery, but it is different from the pace of export recovery. On the external side, there are uncertainties such as economic slowdown in major countries and fluctuations in raw material prices. Judging from various indicators, production in the service sector increased by 0.2% month-on-month in August, and maintained an upward trend for three consecutive months. Retail sales increased 1.7% month-on-month, driven by an increase in credit card transactions and domestic automobile sales. In contrast, the consumer confidence index fell 0.8 percentage points month-on-month to 100. Equipment investment increased 7.8% year over year. In terms of exports, exports increased 7.5% year-on-year in September, and maintained an upward trend for 12 consecutive months.