S Korea exports likely to rebound

Dhaka,  Thu,  21 September 2017
Published : 28 Nov 2016, 15:34:08

S Korea exports likely to rebound

S Korea exports likely to rebound
South Korea's exports are expected to rise in November as the shock from Samsung Galaxy Note 7 cancellation and strikes at Hyundai Motor Co dissipates and global trade shows signs of improvement.

World's sixth biggest exporters are expected to rise 1.2 per cent this month from a year ago, bouncing from a 3.2 per cent decline in October.

Imports are expected to gain 2.9 per cent over the same period versus a 4.8 per cent drop in October.

Shipments have fallen every month of the past two years with the exception of August when they rose.

South Korea has been seen as one of the most vulnerable economies should the incoming Trump administration adopt protectionist policies.

South Korea's inflation rate is expected to pick up for a third straight month to 1.5 per cent in November from 1.3 per cent in October.

Fresh produce prices are expected to continue adding inflationary pressure, in addition to the city gas price hike that took effect November 1.

Meanwhile, economists saw industrial output likely to slip 0.1 per cent on-month in October, down from a 0.3 per cent gain seen in September.

October industrial output data will be published on Nov. 30, with November trade and inflation data out on Dec. 1, according to a news agency report.

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