South Korea’s economy has posted growth for the third consecutive quarter.
The Bank of Korea announced on Thursday that the nation’s real gross domestic product(GDP) grew zero-point-six percent in the third quarter.
Such a figure comes after the real GDP posted growth of zero-point-three percent and zero-point-six percent in the first and second quarters, respectively, after posting negative growth in the fourth quarter of last year.
According to the central bank, private consumption climbed zero-point-three percent on the back of the service industry, including restaurants and lodging, in the July-to-September period.
Exports jumped three-and-a-half percent while imports grew two-point-six percent.
Government spending and construction investment both climbed zero-point-one percent and two-point-two percent, respectively, while facility investment slid two-point-seven percent.
The nation’s real gross domestic income, meanwhile, climbed two-and-a-half percent in the third quarter compared to the previous quarter.