S Korea's economic data weakens amid lingering uncertainties: ministry

10:13, June 10, 2011      

Email | Print | Subscribe | Comments | Forum 

South Korea's economic data has weakened recently amid lingering external uncertainties, a government report showed Thursday.

The country's labor conditions keep improving amid easing inflationary pressures, but economic data of production, consumption and investment seem to be slowing amid external uncertainties, the Ministry of Strategy and Finance said in a monthly report assessing the latest economic situation.

Jobless rate fell 0.1 percentage point on-year to 3.7 percent in April, with the number of employed growing 379,000. Consumer prices rose 4.1 percent in May from a year earlier, but it slowed compared with a 4.2 percent on-year gain the previous month.

However, economic indicators of production, consumption and investment weakened. Industrial output contracted 1.5 percent in April from a month earlier, with retail sales falling 1.1 percent on-month in April. Facility investment declined 5.7 percent on-month in April due to slowdown in transportation equipment investment.

Exports grew 23.5 percent on-year last month, but trade surplus narrowed to 2.7 billion U.S. dollars in May from 5.1 billion dollars in April due to rising oil imports amid higher oil prices.

The ministry said it will closely monitor economic conditions amid growing external uncertainties such as higher oil prices, potential economic slowdown in advanced nations and re-emerging European fiscal crisis.

Source:Xinhua
 
 
     
 
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
 
The Third China-U.S.Strategic and Economic Dialogue
 
     
 
 
 
  Weekly review  
 
May 20   World Economic Forum China office marks fifth anniversary
 
May 18   China, Pakistan joined in bonds of brotherhood
May 20   'Central axis' of Beijing applies for world cultural heritage
May 20   In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21   The week in pictures
May 16   Beijing aims for massive influx of overseas talent in 2011
May 16   Singapore election coverage shows Western arrogance
May 16   Chinese naval helicopter conducts target practice in Gulf of Aden
May 17   Strategies for harmony between militaries of China, US
May 17   Pakistani Prime Minister hails China as true friend
 
     
 
 

(Editor:刘晓宁)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • China battles droughts
  • Wen Jiabao attends trilateral leaders' meeting of China, Japan and ROK
Major headlines
Editor's Pick
  • China's Yantai silk-like advection fog
  • Flame collecting ceremony held for Special Olympics
  • New York City broiled in record-breaking heat wave
  • Foreign students have taste of Peking Opera at local artist's home
  • Dancers of Cuban ballet group perform "Viola" in Doha, capital of Qatar
  • People visit 2nd edition of Bucharest Classic Car Show 2011 in Bucharest
Hot Forum Discussion