MNI BRIEF: BOC Releasing Pandemic Actions Review Jan 17

BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17

MNI China Daily Summary: Monday, January 13

MNI BRIEF: China December Vehicle Sales Up 10.5%

MNI BRIEF: PBOC To Add Forex Reserves Allocation In HK - Pan

MNI BRIEF: China 2024 Oil Imports Down 1.9%

MNI BRIEF: China 2024 Exports Grow 5.9% Y/Y

CHINA DEC EXPORTS +10.7% Y/Y VS MEDIAN +7.4% Y/Y: CUSTOMS

CHINA 2024 EXPORTS +7.1% IN YUAN TERM: CUSTOMS

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH KOREA:  Retail Sales’ Strength Continues.

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • South Koreans appear to be reacting to the rate cuts with retail sales number strong in November.
  • Up 8.0% y/y followed on from +6.7% the month prior.
  • Department store sales bounced in November following October’s contraction to record a +1.4% result.
  • Discount store sales were very strong too up +5.4%, from -3.4% prior.
  • South Korea’s Central Bank delivered two cuts in recent meetings to support  the consumer and following the political storm in recent weeks, is expected to cut again in January. 
82 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • South Koreans appear to be reacting to the rate cuts with retail sales number strong in November.
  • Up 8.0% y/y followed on from +6.7% the month prior.
  • Department store sales bounced in November following October’s contraction to record a +1.4% result.
  • Discount store sales were very strong too up +5.4%, from -3.4% prior.
  • South Korea’s Central Bank delivered two cuts in recent meetings to support  the consumer and following the political storm in recent weeks, is expected to cut again in January.