S. Korea's revised GDP down 0.2 pct on-quarter in Q1

SEOUL, June 5 (Xinhua) -- South Korea's revised real gross domestic product (GDP), adjusted for inflation, was down 0.2 percent in the first quarter compared to the previous quarter, central bank data showed Thursday.

It was unchanged from the preliminary figure unveiled in April, according to the Bank of Korea (BOK).

The real GDP contracted in three quarters on the back of weaker consumption, investment and export, affected by the U.S. tariffs imposition and the domestic political chaos from the botched martial bid last December.

Export, which accounts for about half of the export-driven economy, declined 0.6 percent on lower global demand for locally-made chemical products, machinery and equipment, while imports reduced 1.1 percent.

Private consumption diminished 0.1 percent in the first quarter from three months earlier after growing 0.2 percent in the previous quarter.

Construction investment dropped 3.1 percent in the cited quarter, and facility investment dipped 0.4 percent.

The real gross national income (GNI), which measures the combined income earned at home and abroad by people and businesses, rose 0.1 percent in the first quarter on a quarterly basis after expanding 0.7 percent in the previous quarter.

The GDP deflator, or the ratio of nominal GDP to real GDP to gauge the change of prices for all goods and services produced in the country, advanced 2.4 percent in the first quarter from a year earlier, lower than an increase of 4.1 percent in the prior quarter. Enditem