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South Korea's November seasonally adjusted current account surplus falls to 6-month low

Tuesday, January 5, 2016 - 07:15

[SEOUL] South Korea's current account surplus fell to a seasonally adjusted US$6.75 billion in November from a revised US$7.35 billion in October to mark the lowest since May last year, central bank data showed on Tuesday.

Exports in November dropped 6.5 per cent to US$42.85 billion from October on a seasonally adjusted basis while imports slipped a slower 3.4 per cent to US$34.70 billion over the same period, the Bank of Korea data showed.

This produced a goods account surplus of US$8.15 billion in November, the Bank of Korea data showed, which was the smallest surplus since May 2015.

In the financial account, South Korea saw a net outflow of US$8.70 billion in November, compared to a net outflow of US$11.09 billion in October. These figures were not adjusted for seasonal patterns.

REUTERS