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SOUTH KOREA: Retail Sales Weaken.

SOUTH KOREA
EM BulletAPACBulletSouth KoreaGlobalEmerging Market NewsRegion
  • Retail Sales rose +6.7%YoY  for September, down from the rise of +9.2% in August.
  • Department Store Sales YoY rose just 0.3% for September, from +4.4% in August.
  • Discount Store Sales declined -6.5% YoY following last months rise of +5.9%.
  • The consumer has been the main focus from the government calling on the BOK to cut rates.
  • With the BOK governor indicating that growth is moderating, these figures are likely to feed into the thoughts for monetary policy at the next BOK meeting on28th of November. 
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  • Retail Sales rose +6.7%YoY  for September, down from the rise of +9.2% in August.
  • Department Store Sales YoY rose just 0.3% for September, from +4.4% in August.
  • Discount Store Sales declined -6.5% YoY following last months rise of +5.9%.
  • The consumer has been the main focus from the government calling on the BOK to cut rates.
  • With the BOK governor indicating that growth is moderating, these figures are likely to feed into the thoughts for monetary policy at the next BOK meeting on28th of November.