April to June quarter data from South Korea.

GDP +0.7% q/q (expected +0.4%, prior +0.6%

  • +2.9% y/y (expected +2.5%, prior +3.0%)

An unexpected, but welcome, rate of acceleration in the economy in SK.

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Some of the sub-measures:

  • private consumption +3.0% q/q
  • exports -3.1% q/q
  • construction investment +0.6% q/q
  • facility investment -1.0% q/q