S. Korea's third-quarter GDP grows 0.7 % on quarter

By Park Sae-jin Posted : October 25, 2016, 09:10 Updated : October 25, 2016, 09:10

[Yonhap News Photo]


South Korea's economy posted slow growth in the third quarter of this year as exports and consumption remained weak, central bank data showed Tuesday.

The country's third-quarter gross domestic product grew 0.7 percent from the previous quarter, according to the Bank of Korea. Asia's fourth-largest economy grew 2.7 percent from a year earlier, compared with a second-quarter expansion of 3.3 percent.

Facility investments fell 0.1 percent on quarter in the July-September period while exports grew 0.8 percent from the previous quarter.

Aju News Lim Chang-won = cwlim34@ajunews.com
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