South Korea's gross domestic product gained a seasonally adjusted 0.6 percent on quarter in the third quarter of 2023, Statistics Korea said in Thursday's advance estimate.
That was unchanged from the second quarter reading, and it exceeded expectations for a gain of 0.5 percent.
Real gross domestic income (GDI) increased by 2.5 percent compared to the previous quarter.
On the expenditure side, private consumption grew by 0.3 percent, as expenditures on services (e.g., restaurants & accommodations, recreation & culture) increased.
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