KDI 경제동향 2013. 4(KDI Monthly Economic Trends 2013. 4)

Abstract

Korean Abstract: □ 최근 우리 경제는 내수 부진이 다소 완화되고 수출도 증가로 전환되었으나, 전반적인 회복세는 예상보다 완만한 모습

○ 서비스업생산이 비교적 큰 폭으로 증가한 반면, 광공업생산은 다소 부진

○ 내수는 민간소비와 건설투자의 부진이 완화되었으나, 설비투자의 감소세는 지속

- 민간소비가 증가로 전환된 가운데 소비 관련 심리지표도 개선

- 설비투자는 감소세를 지속하였으나, 건설투자는 부진이 완화 수출이 증가로 전환된 가운데 무역수지의 흑자폭은 확대

- 계절조정 일평균 수출액도 전월대비 증가(0.4%)로 전환 노동시장은 일시적으로 취업자 증가세가 크게 축소

- 취업자의 증가폭 축소는 ‘경제활동인구조사’ 조사주간에 설 연휴가 포함되면서 임시일용직이 크게 감소한 데 주로 기인

○ 소비자물가는 1.3%의 상승률을 기록하며 낮은 상승세를 지속

○ 국내 금융시장은 주가와 원화가치가 하락하고 채권 가격은 상승

- 국고채 수익률 하락으로 장단기 금리의 역전현상이 심화

English Abstract: * All growth figures are on a year-on-year basis unless otherwise noted.

The Korean economy showed mitigated contraction in domestic demand and a rebound of exports to a positive growth, but its overall pace of recovery is more moderate than expected.

Service production rose relatively sharply, whereas industrial production showed slightly weak performance.

Private consumption and construction investment showed less contraction, while equipment investment continued to decline.

Consumer sentiment-related indicators improved in the midst of private consumption turning to increase.

Equipment investment continued to decrease, whereas construction investment showed less contraction.

With exports turning positive, trade balance recorded a larger surplus. Seasonally adjusted exports per day turned to increase (0.4%) month-on-month.

The number of employed grew at a markedly lower rate due to temporary factors.

The number of employed grew significantly less with a sharp drop in the number of temporary and daily workers, as lunar new year holidays were included in the survey period (for the Economically Active Population Survey).

Headline CPI rose by 1.3%, continuing its low level of inflation rate. Domestic financial market saw stock prices fall, the won depreciate and bond prices rise.

With the fall in government bond yields, short-term bond yields moved higher than long-term bond yields, generating a stronger inverted yield curve.

US and China maintained a gradual recovery in their economic indicators, whereas the euro area showed slightly growing uncertainties over fiscal crisis.

Note: Downloadable document is available in English and Korean.