S.Korea’s im­port posts fastest monthly growth

China Daily (USA) - - BUSINESS -

South Korea’s im­port vol­umes posted their fastest monthly growth in nearly two years last month, in­di­cat­ing ex­pec­ta­tions of eco­nomic re­cov­ery in the near fu­ture, cen­tral bank data showed on Mon­day. The im­port vol­ume in­dex stood at 124.58 in Au­gust, up 7.5 per­cent from a year ear­lier, ac­cord­ing to the Bank of Korea. It marked the fastest in­crease since De­cem­ber 2014. Im­port vol­umes of gen­eral ma­chin­ery jumped 22.7 per­cent, with those for chem­i­cal prod­ucts gain­ing 18.9 per­cent. Im­ports of pri­mary met­als and tex­tile goods grew10.8 per­cent and 9.2 per­cent re­spec­tively.

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