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South Korea revised Q2 GDP up 0.3% q-o-q, same as estimate

Thursday, September 3, 2015 - 07:13
SouthKorea2015.jpg
A quote screen at the trading room of the KEB Hana Bank's headquarters shows the South Korean won in Seoul, South Korea, 02 September 2015.

[SEOUL] South Korea's economy grew a seasonally adjusted 0.3 per cent during the April-June quarter from the previous three-month period, revised central bank data showed on Thursday, unchanged from its earlier estimate.

Over a year earlier, South Korea's gross domestic product expanded by 2.2 per cent in the second quarter, the Bank of Korea data showed, also unchanged from its earlier estimate released on July 23.

It was the worst quarterly growth in more than six years for Asia's fourth-largest economy and less than half the 0.8 per cent expansion during the January-March period.

REUTERS