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S. Korea's real GDP grows 0.7 pct on-quarter in Q2

SEOUL
2022-07-26 10:45

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SEOUL, July 26 (Xinhua) -- South Korea's real gross domestic product (GDP), adjusted for inflation, grew 0.7 percent in the second quarter this year compared to the previous quarter, central bank data showed on Tuesday.

The real GDP continued to increase for the eighth consecutive quarter since the third quarter of 2020, according to data from the Bank of Korea (BOK).

Private consumption expanded 3.0 percent in the April-June quarter from the three months earlier as the government lifted all measures against the COVID-19 pandemic except an indoor mask mandate.

Facility investment fell 1.0 percent, but construction investment added 0.6 percent in the second quarter.

Export retreated 3.1 percent in the second quarter from the previous quarter, while import fell 0.8 percent.
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