South Korea's central bank released on Tuesday,... its revised data on the nation's third quarter GDP growth... which was more or less in line with its forward guidance.<br />Kim Hyesung has the details.<br /> <br />South Korea's economy grew zero-point-six percent on-quarter during the July to September period... on par with its second quarter growth rate. <br /><br />"The third quarter growth figure is in line with our estimate in October. While facilities investment were revised up, construction investment and private consumption were revised down."<br /><br />Although facilities investment was zero-point-three percentage points higher than the earlier estimate, it still tumbled four-point-four percent in the third quarter, led by reduced investment in machinery. <br />Construction investment fell nearly seven percent, with decreases in both building construction and civil engineering. <br />Private consumption increased by half a percentage point mainly on higher spending on non-durable goods.<br />Government spending expanded by 1-point-five percent on health care expenditures. <br />Exports, which account for nearly half of South Korea's GDP, rose around four percent on-quarter, thanks to increase in semiconductor exports <br />On an on-year basis, South Korea's GDP expanded two percent in the third quarter,... slower than the two-point-eight percent growth seen the second quarter.<br />It's also the lowest figure in nine years, which the Bank of Korea pointed to shorter working days as Chuseok holidays fell in September this year and a base effect as GDP grew near four percent in third quarter of 2017. <br />Real gross national income expanded by zero-point-seven percent on-quarter.<br />The BOK says to reach its growth target of two-point-seven percent for 2018, the local economy has to expand by more than zero-point-8 percent in the last quarter.<br />Kim Hyesung, Arirang News." <br />
