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S. Korea's economy grows 0.7 pct in Q2 on improved consumption, exports

All News 08:01 July 26, 2016

SEOUL, July 26 (Yonhap) -- South Korea's economy posted improved growth in the second quarter on increased exports and consumption, central bank data showed Tuesday.

In the three months ended June 30, the country's gross domestic product (GDP) grew 0.7 percent from a quarter earlier, according to preliminary data from the Bank of Korea (BOK).

The Q2 estimate marks an improvement from a 0.5 percent on-quarter expansion in the previous quarter. From a year earlier, it marks a 3.2 percent improvement.


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