Sunday, April 29, 2007

South Korean Export Growth Probably Accelerated on Demand for Ships, Steel

(Bloomberg) -- South Korea's export growth probably accelerated in April on increased demand for ships and steel. Consumer prices likely rose at a slower pace this month.

Overseas shipments gained 16.5 percent from a year ago after climbing 13.6 percent in March, according to the median estimate in a Bloomberg News survey of 11 economists. Consumer prices advanced an unadjusted 0.2 percent from March and 2.3 percent from a year earlier, the survey also showed. Trade figures will be released at 10 a.m. in Seoul on May 1 and the inflation report is due at 1:30 p.m. on the same day.


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