Korea's economic indicators are showing clear signs of improvement across the board. This trend, which began first for exports, is spreading toward other economic spheres including production, investment, consumption, and employment.
Market analysts expected this trend to continue for the time being thanks to the easing of uncertainties in and outside Korea.
According to the Ministry of Trade, Industry, and Energy on April 26, the nation's exports grew 14.9 percent in the first quarter year on year, the highest growth since the third quarter of 2011. The nation's exports have continuously registered a positive growth for six straight months starting from November 2016.
The increase in exports led to an improvement in output as well. The nation's industrial output registered a positive month-on-month growth for three consecutive months starting from November 2016. Although it suffered a 0.4-percent decline in February, it was mainly due to the base effect resulting from the outstanding performance in January.
Against this backdrop, consumers started opening their wallets even wider. Retail sales rose 3.2 percent in February compared to a month ago, the first positive growth in four months.
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