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Regional economic report : February 2015

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Frame of Image f Korea and Statistics Korea.
Executive Summary
[ Overview ]
Information collected by the 16 regional branches of the Bank of Korea from companies and other organizations within their regions, indicates that the trend of recovery in domestic economic activities appeared weak during January and February 2015. By region, the economies of the Seoul Metropolitan, Chungcheong and Jeju regions were found to have shown upward trends, while the economies of the Dongnam, Honam, Daegyeong and Gangwon regions showed little change.
Economic activity by region1)
October~November 2014 Januar y~Februar y 2015
Seoul Gangwon metropolitan
Rapid growth Moderate growth Slight growth
Gangwon S eou l metropolitan
Chungcheong Daegyeong
Chungcheong Daegyeong
No change Slight contraction
Honam
Dongnam
Honam
Dongnam
Moderate contraction Rapid contraction
Je j u Jeju
Note : 1) Economic conditions are assessed by the overall monitoring score, which is an average of the manufacturing and services monitoring scores weighted by the shares of gross regional domestic product (GRDP).
Cities and provinces included in each region
Region Seoul Metropolitan Dongnam Chungcheong Honam Daegyeong Gangwon Jeju Cities and provinces Seoul, Incheon, Gyeonggi-do Busan, Ulsan, Gyeongsangnam-do Daejeon, Chungcheongbuk-do, Chungcheongnam-do, Sejong Gwangju, Jeollabuk-do, Jeollanam-do Daegu, Gyeongsangbuk-do Gangwon-do Jeju-do
The results of monitoring show that the Korean economy is expected to post modest improvement in the


Full Text
Title Regional economic report
Similar Titles
Sub Title

February 2015

Material Type Reports
Publisher

[Seoul]:The Bank of Korea

Date 2015-02
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Conditions
Holding The Bank of Korea; KDI School

Abstract

This report, a condensed English version of ‘Regional Economic Report’ published in Korean, provides recent regional economic conditions, based on information gathered by the sixteen regional branches of the Bank of Korea from companies and other organizations within their regions between late January and mid-February. The contents of this report may not necessarily coincide with the official statistics to be released later by the Bank of Korea and Statistics Korea.