KDI Monthly Economic Trends 2019. 2 (KDI 경제동향 2019. 2)

KDI Monthly Economic Trends 2019. 2

64 Pages Posted: 13 Feb 2019

Date Written: February 12, 2019

Abstract

English Abstract: The Korean economy exhibits a continued slowdown in production and demand.

Production in industrial (mining and manufacturing) and services exhibited slow growth as that in construction also remained weak.

There was a slight increase in most industrial and service sectors, excl. semiconductors and human health and social work activities.

Construction continued to tumble led by building construction.

Both domestic demand and exports were tepid.

December’s retail sales grew at a slower pace while the manufacturing inventory-to-shipments ratio climbed and the capacity utilization rate remained low, suggesting that facilities investment continued to decrease.

January’s exports (amount) receded further mainly in key items such as semiconductors and petroleum products, additionally pressured by a slowing global economy.

Korean Abstract: ■ 최근 우리 경제는 생산과 수요 측면에서 경기 둔화 추세가 지속되고 있는 것으로 판단됨.
○ 생산 측면에서는 광공업생산과 서비스업생산이 낮은 증가세를 보인 가운데 건설업생산도 부진한 모습
- 광공업생산과 서비스업생산은 반도체, 보건 및 사회복지 등을 제외한 대부분의 업종에서 증가세가 미미한 것으로 나타남.
- 건설업생산은 건축부문을 중심으로 큰 폭의 감소세를 지속함.
○ 수요 측면에서도 내수와 수출 모두 위축된 모습을 나타냄.
- 12월 소매판매액이 낮은 증가세를 나타낸 가운데, 제조업 재고율이 상승하고 가동률이 낮은 수준에 머무르면서 설비투자의 부진도 지속되고 있음.
- 1월 수출(금액 기준)은 반도체, 석유류 등 주요 품목을 중심으로 감소폭이 확대된 가운데, 세계경제의 둔화도 수출에 부정적인 요인으로 작용하고 있음.

Note: Downloadable document is in English and Korean.

Suggested Citation

Submitter, Korea Development Institute, KDI Monthly Economic Trends 2019. 2 (KDI 경제동향 2019. 2) (February 12, 2019). KDI Monthly Economic Trends 2019. 2, Available at SSRN: https://ssrn.com/abstract=3333500

Korea Development Institute Submitter (Contact Author)

Korea Development Institute (KDI) ( email )

263 Namsejong-ro
Sejong-si 30149
Korea, Republic of (South Korea)

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