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South Korean Manufacturing Activity Improves in May
The manufacturing sector in South Korea expanded in May, with the headline S&P Global South Korea Manufacturing PMI hitting 51.6 in the month, swinging from a contraction of 49.4 in April, S&P Global said in a Monday release.
South Korea's Exports Likely to Sustain Solid Growth in May -- Market Talk
South Korea's exports are expected to sustain solid growth in May on brisk demand for computer chips and other goods.
South Korea's Central Bank Lifts 2024 Growth Forecast to 2.5%
The South Korean central bank raised its forecast for the country's economic growth in 2024 but left the inflation outlook unchanged, according to a report released Thursday.
Is economic growth a “burden”? The Bank of Korea remains on hold, and the timing of interest rate cuts has become uncertain
Inflationary pressure is expected to ease in the second half of the year
Bank of Korea Holds Rate Steady, Raises Growth Forecast -- Update
South Korea's central bank held its base rate steady as widely expected and raised its 2024 economic growth forecast, signaling a delay in its pivot towards policy easing.
South Korea's Consumer Sentiment Turns Negative in May
South Korea's consumers turned pessimistic in May as inflation remains high, according to data released by the Bank of Korea on Tuesday.
South Korea's April Producer Price Index Up Modestly
Lifted by agricultural goods and fuel bills, South Korea's producer price index (PPI) rose a moderate 1.8% on year in April and gained 0.3% from March, the Bank of Korea reported on Wednesday.
BOK May Sound Slightly More Hawkish but Won't Rule Out Pivot -- Market Talk
The Bank of Korea will likely stand pat at its May meeting but sound slightly more hawkish even as it keeps the door to a rate cut open, Barclays economists say.
Bank of Korea Expected to Maintain Cautious Tone on Inflation -- Market Talk
The Bank of Korea will likely maintain its cautious tone regarding inflation, despite some recent stabilization in global oil prices and forex, says HSBC economist Jin Choi.
South Korea Reports Higher Producer Prices in April
Producer prices in South Korea increased 1.8% in April from a year earlier, according to preliminary data from the Bank of Korea on Wednesday.
South Korea's PPI rose 0.3% month-on-month in April, rising for five consecutive months
According to data released by the Bank of Korea on Wednesday, South Korea's producer price index (PPI) rose 0.3% month-on-month in April, rising for the fifth month in a row, partly due to soaring prices for services and industrial products.
Bank of Korea Expected to Hold Rates as Economy Surprises
The Bank of Korea is set to keep its benchmark interest rate steady Thursday as it recalibrates its outlook for an economy that’s damped policy pivot speculation by growing faster than expected this year.
The HKD interest rate rose above 4% across the board for three consecutive trading days
On May 21, the HKD interest rate rose across the board for three consecutive trading days. Among them, the overnight interest rate rose above 4% to 4.06226%, reaching a new high of more than two weeks.
Korean Consumers Turn Pessimistic as Rates Stay High for Longer
South Korea’s consumers turned pessimistic for the first time this year, indicating that their confidence may be fraying as interest rates stay elevated for an extended period.
Hong Kong's GDP Growth Slows to 2.7% in Q1, Revised Figures Say
GDP during the preceding quarter rose by 4.3%, while the seasonally-adjusted GDP rose by 2.3%, the report said.
Hong Kong's GDP grew 2.7% year on year in the first quarter and remained unchanged at 2.5% to 3.5% for the whole year
On May 17, the Hong Kong Government published the “Economic Report for the First Quarter of 2024” and revised GDP figures for the first quarter of 2024.
South Korea's Unemployment Rate Steady at 3.0% in April
South Korea's Unemployment Rate Steady at 3.0% in April.
South Korea's Strong Private Consumption May Not Be Sustainable -- Market Talk
South Korea's strong private consumption--seen in 1Q gross domestic product data--may not be sustainable, Nomura economist Jeong Woo Park says in a research note.
South Korea's Central Bank May Deliver First Rate Cut in October -- Market Talk
South Korea's solid economic growth, supported by resilient consumption and stronger exports, leads Nomura to delay its projection for a rate cut by the country's central bank to October from July.
South Korea's Current Account Surplus Rises in March
South Korea registered a current account surplus of $6.93 billion in March, increasing from a surplus of $6.86 billion in the preceding month, according to a Bank of Korea filing on Thursday.