Q2 GDP Release on 23rd… Gauge of August Rate Path

The Bank of Korea will announce the preliminary estimate for the second-quarter real gross domestic product (GDP) on the 23rd. GDP is an indicator showing the results of economic activity within a country. The real GDP growth rate for the previous quarter (January to March) was 1.7% compared to the previous quarter based on the preliminary estimate, but was subsequently revised upward to 1.8% in the tentative estimate. Bank of Korea Governor Shin Hyon-sok stated that he would check the growth trends of Q2 GDP and gross domestic income (GDI) when deciding whether to raise the benchmark interest rate.

Major indicators checking economic conditions, financial soundness, employment, and price trends will be released one after another. On the 22nd, the provisional producer price index, the tentative results of the national balance sheet, and the delinquency rate on won loans at domestic banks will be released. On the 23rd, the youth employment survey will be released, and on the 24th, the Q2 livestock trend survey will be announced.

The provisional June producer price index, to be released by the Bank of Korea on the 22nd, shows how much the exchange rate rise has been passed on to companies' production costs. The 2025 national balance sheet tentative results, released on the same day, aggregate the net assets and total national wealth of households, businesses, and the government. The Financial Supervisory Service will also announce the delinquency rate on won loans at domestic banks as of the end of May on the same day.

Statistics Korea will release the results of the youth employment survey on the 23rd. On the 24th, the results of the Q2 livestock trend survey will be announced, confirming the scale of livestock breeding and youth employment trends.