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I. Composite indexes of business conditions (1995=100)

 

1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Leading index

-

-

101.6

108.6

114.5

109.2

111.9

113.4

115.7

Roughly coincident index

-

-

102.6

108.0

109.8

98.1

99.9

100.8

103.1

Lagging index

-

-

101.8

106.7

108.7

81.2

79.9

80.2

80.4

Cycle of coincident composite index

-

-

102.6

102.2

98.0

84.4

85.6

85.9

87.4

 

2. Industrial activities (1995=100)

 

1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Industrial production index

80.5

89.3

100.0

107.3

114.7

98.1

114.0

112.3

119.5

Producers' shipment index

79.4

88.8

100.0

107.6

113.0

94.3

109.0

107.3

112.1

Producers' inventory index

86.3

92.1

103.7

118.9

125.9

114.1

109.6

106.3

105.5

Manufacturing production capacity index

88.4

91.5

100

107.6

113.6

123.8

123.8

124.8

126.5

Manufacturing operation ratio index

96.1

100.4

100

101.0

98.7

75.3

86.5

84.1

87.2

Wholesale and retail trade index (constant)

85.2

92.6

100

107.0

110.4

89.1

99.1

99.3

100.8

 

3. Investment

1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Value of domestic machinery orders received (billion won)

14,532.4

18,498.3

20,962.6

24,037.5

25,228.7

1,428.7

1,643.7

1,453.8

1,587.3

Value of domestic construction orders received (billion won)

33,246.5

39,393.8

49,025.1

59,535.0

63,258.0

2,162.5

2,459.2

2,741.2

3,080.5

Permitted floor area for building construction (thousand sq. m)

117,790

116,221

117,327

113,820

113,372

2,356

3,220

2,049

-

 

4. Labor and wages

1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Economically active population (thousand persons)

19,803

20,326

20,797

21,188

21,604

21,442

21,622

21,702

21,408

Employed persons (thousand persons)

19,253

19,837

20,377

20,764

21,048

19,864

20,050

20,166

19,852

Unemployment rate (%)

2.8

2.4

2.0

2.0

2.6

7.4

7.3

7.1

7.3

Labor productivity index (1995=100)

1997 3/4

4/4

1998 1/4

2/4

82.2

90.5

100.0

112.9

127.35

123.5

131.9

130.1

131.8

 

5. Prices (1995=100)

 

1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Consumer price index

90.1

95.7

100.0

104.9

109.6

117.7

118.2

118.6

118.2

Producer price index (1995=100)

-

-

100.0

103.2

107.2

119.3

119.3

119.4

119.2

Export price index

-

-

100.0

97.7

103.8

118.1

123.3

125.7

120.6

Import price index

-

-

100.0

100.7

110.3

127.6

132.6

136.5

131.2

 

6. National accounts (based on 1990 constant prices)

.

1993

1994

1995

1996

1997

1997  4/4

1998 1/4

2/4

3/4

GNP (billion won)

267,146.0

305,970.3

348,979.3

386,438.2

416,017.9

79,924.8

60,896.2

63,854.3

66,437.0

Growth rate of GNP

5.8

8.4

8.7

6.9

4.9

3.5

-5.0

-7.9

-8.0

Per capita GNP (U.S. dollars)

7,484

8,467

10,037

10,543

9,511

-

-

-

-

GDP (billion won)

240,392.2

267,146.0

351,974.7

389,814.4

420,986.7

81,356.8

62,619.6

65,911.9

68,615.2

Growth rate of GDP

5.8

8.8

8.8

7.1

5.5

3.9

-3.9

-6.8

-6.8

 

7. Money and banking (billion won)

 

1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Bank notes & coins issued

13,884

15,089

17,324

17,907

17,786

14,168

14,101.4

14,178.5

15,756.6

Money supply (M1)

29,041

32,511

38,873

39,542

35,036

28,968

28,285

29,344.0

31,037.5

Money supply (M2)

112,219

133,179

153,945

178,312

203,532

225,092

231,738

240,895.4

250,429.7

Total liquidity (M3)

354,933

442,663

527,017

614,962

700,285

754,954

765,121

-

-

Dishonor ratio (%)

0.13

0.17

0.20

0.17

0.52

0.69

0.55

0.42

0.28

Stock price index (1980.1.4=100)

728.2

965.7

934.7

833.4

654.5

327.8

312.8

403.4

451.9

 

8. Household economy

 

1993

1994

1995

1996

1997

1997   4/4

1998 1/4

2/4

3/4

Average propensity to consume

72.6

71.8

71.0

71.7

70.4

72.1

67.6

66.1

67.0

Engel's coefficient

29.3

29.5

28.8

28.2

28.7

29.8

24.2

27.8

28.5

 

9. Foreign trade and exchange (million U.S.$)


1993

1994

1995

1996

1997

1998 AUG.

SEP.

OCT.

NOV.

Exports

82,235.9

96,013.2

125,058.0

129,715.1

136,164.2

9,853.0

10,861.7

10.837.6

12,007.0

L/C arrivals

55,594.7

64,314.1

72,926.3

69,732.8

67,679.8

4,723.0

4,474.9

4.472.3

4,059.2

Imports

83,800.1

102,348.2

135,118.9

150,339.1

144,616.4

7,187.0

7,255.2

7,657.4

8,340.0

Exchange rate of won to U.S. dollar (won)

808.1

788.7

774.7

844.2

1,572.2

1,331.8

1,373.6

1,313.8

1,243.7

Gold & foreign exchange holdings (million U.S. dollars)

20,262.4

25,672.7

32,712.1

33,236.7

20,405.5

45,091.3

46,977.4

48,833.9

50,015.2

 

10. Balance of payments (million U.S.$)


.

1993

1994

1995

1996

1997

1998 JUN.

JUL.

AUG.

SEP.

Current account

990

-3,867

-8,508

-23,005

-8,618

3,168.2

3,609.6

2,263.5

3,687.3

Goods and services

192.3

-4,660.5

-7,424.0

-21,144.1

-6,803.0

3,308.6

3,666.0

2,605.5

3,896.0

Income

-391.2

-486.8

-1,302.8

-1,814.5

-2,676.5

-371.1

-184.3

-495.8

-432.0

Current transfers

1,188.4

1,280.4

218.1

-46.1

861.7

230.7

126.2

153.8

214.3

Capital and financial account

2,740.7

10,295.1

16,785.6

23,326.8

5,438.2

-47.9

-933.9

361.4

-1,611.1

Financial account

3,215.8

10,731.6

17,273.2

23,924.4

6,027.6

-39.1

-933.9

380.7

-1,601.7

.

Direct investment

-751.9

-1,652.1

-1,776.2

-2,344.7

-1,946.8

-1.3

724.8

-177.5

-583.9

.

Portfolio investment

-10,014.4

6,120.1

11,590.7

15,184.6

14,763.2

-2,050.7

-831.1

-1,122.9

-1,610.8

.

Other investment

-6,046.7

6,263.6

7,458.7

11,084.5

-6,788.8

2,012.9

-837.6

1,681.1

593.0

Capital account

-475.1

-436.5

-487.6

-597.6

-589.4

-8.8

-17.2

-19.3

-9.4

Changes in reserve assets

-3,007.7

-4,646.2

-7,044.9

-1,388.6

11,918.8

-2,207.2

-2,101.5

-1,916.8

-1,477.0

Errors and omissions

-723

-1,782

-1,233

1,067

-8,739

-913.1

-557.3

-708.1

-590.2