South Korean November exports are likely to rebound
In November, South Korean exports are supposed to surge for the first time since August, as the shock from Samsung Electronics' Galaxy Note 7 cancellation as well as strikes at Hyundai Motor Co dissipates, while global trade demonstrates signs of improvement.
Exports are supposed to ascend 1.2% this month from a year ago, rebounding from a 3.2% drop in October. Additionally, imports will probably tack on 2.9% during the same period vs. a 4.8% sag in October.
Shipments have dived every month of the past two years with the exception of August when they whent up.
As the world's sixth biggest exporter with major shipments varying from smartphones to vehicles, South Korea has been considered to be one of the most vulnerable economies, especially considering probable protectionists policies under the incoming Trump administration.
South Korean inflation rate is supposed to pick up for a third straight month to about 1.5% in November from October’s outcome of 1.3%, with prices of some global commodities on the rise.