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S. Korean Exports, Domestic Consumption Remain Solid amid Growing Uncertainties

Write: 2018-10-12 11:06:11Update: 2018-10-12 15:10:22

S. Korean Exports, Domestic Consumption Remain Solid amid Growing Uncertainties

Photo : YONHAP News

The Finance Ministry has assessed the nation's exports and consumption remain solid but investment and employment are not improving.

The ministry said in its monthly economic assessment report on Friday that the economy is on a firm growth path backed by strong exports and private spending.

However, it added facility investment and employment remain slow and external economic uncertainties are increasing, such as the intensifying trade dispute between the U.S. and China and rising crude oil prices. 

The nation's exports decreased by eight-point-two percent last month from a year ago due to fewer working days, but average daily exports hit a record high of two-point-69 billion dollars.

However, facility investment shrank one-point-four percent on-month in September and monthly job growth remained weak at 45-thousand compared to a year ago.

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