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SEOUL, June 5 (Xinhua) -- The South Korean economy grew 0.9 percent in the first quarter, posting the identical figure with the prior quarter, central bank data showed Thursday.
Revised figure for real gross domestic product (GDP) expanded 0. 9 percent in the first quarter from three months earlier, according to the Bank of Korea.
It was the identical figure with the prior quarter and was unchanged from the preliminary reading. The GDP is the broadest measure of economic performance.
Economic activities among manufacturers increased 2.2 percent in the first quarter on a quarterly basis due to the growth in oil product, metal goods and electronic devices.
The construction sector advanced 1.2 percent during the quarter, with the service industry expanding 0.6 percent on the back of solid activities in the health and social welfare sectors.
Construction investment expanded 5.1 percent during the quarter, with investment in the intellectual property production jumping 6. 5 percent.
On the expenditure front, private consumption edged up 0.2 percent in the quarter, the lowest growth since the first quarter of last year. Facility investment declined 1.9 percent, the first fall in five quarters, on weak demand in the machinery sector.
The already sluggish consumer expenditure was expected to worsen further in the second quarter as consumer sentiment aggravated rapidly after the ferry sinking disaster.
The ferry Sewol capsized and sank off the southwestern coast on April 16, leaving more than 300 people, mostly high school students, dead or missing. Deep grief swept over the entire country, leading consumers to refrain from entertainment and travel.
Imports dipped 0.8 percent in the first quarter due to sluggish demand for chemical products and machinery, but exports, which account for around half of the economy, increased 1.5 percent.
Real gross national income (GNI), which gauges all income earned by South Koreans both at home and abroad, rose 0.5 percent in the first quarter from three months earlier, the lowest growth in two years.
The quarterly growth rate of the GNI, or an indicator of purchasing power, continued to fall to 1 percent in the fourth quarter of 2013 after peaking at 1.9 percent in the second quarter.
Guidelines For Conducting Basement Waterproofing Brookfield CT November 17, 2016 | Author: Douglas Cole | Posted in Home and Family
To undertake the work successfully, a person needs a specialist. In addition, this work requires proper fixing to avoid regular and continuous water seeping through the walls. To identify the right specialist for this job, people need to think through several factors. It is obvious that the right person has all what it takes to do the work properly. Below are things people should think through when undertaking basement waterproofing Brookfield CT.
One of the areas that you should concentrate in is the need to hire a connoisseur based on expertise. Expertise is critical for any person who needs the best services. Thus, before settling on a given consultant, consider the availability of expertise. A person who has expertise in the field should be a priority for any service consumer. Competence should be the most critical aspect of hiring.
Other than the proficiency, think about the benefits of engaging an affordable technician. Honestly, most of these technicians charge clients unreasonable amounts. This implies that the clients will have no other option other than to pay the technician huge sums of money. This is unnecessary for a person who understands that that there are affordable specialists in this job who are ready to work for them.
Besides, you need to look at the extent of the work. This can influence the amounts payable to contractors at the end of the day. Knowing how much work is there makes it easier for you to hire a person who will do the whole work at a lower fee. Additionally, it enables you to know the materials and the ideal kind of persons for it. Som. http://wholesalesoccercheapjerseys.com/ Wholesale NHL Jerseys From China Wholesale NFL Jerseys China Wholesale Baseball Jerseys Wholesale Basketball Jerseys From China Wholesale Cheap Baseball Jerseys Wholesale Authentic Soccer Jerseys Wholesale NHL Hockey Jerseys Cheap Jerseys China Cheap NCAA Jerseys