Südkorea Bip-Wachstum

South Korea’s economy expanded by 0.6% QoQ in the three months to December of 2023, the same pace as both third and second quarter, according to final estimates. On the expenditure side, private consumption rose by 0.2% (vs +0.3% in Q3), as final consumption expenditure of resident households abroad increased, while expenditures on goods decreased. Government consumption grew 0.5% (vs +0.2% in Q3), attributed to increased expenditures on goods. Construction investment contracted by 4.5% (vs to +2.1% in Q3), with declines in both building construction and civil engineering. Facilities investment rose 3.3% (vs to +0.2% in Q3), driven by an increase in transportation equipment. Exports expanded by 3.5% (vs to +3.4% in Q3), driven by higher exports of semiconductors. Imports increased by 1.4% (vs to +2.3% in Q3), primarily due to higher imports of petroleum products.