SEOUL, Sept. 3 (Xinhua) -- South Korea's revised real gross domestic product (GDP), adjusted for inflation, grew 0.7 percent in the second quarter compared to the previous quarter, central bank data showed Wednesday.
It was up from the preliminary figure of 0.6 percent unveiled in July and rebounded from a 0.2 percent contraction in the first quarter, according to the Bank of Korea (BOK).
Export, which accounts for about half of the export-driven economy, expanded 4.5 percent in the April-June quarter after reducing 0.6 percent in the January-March quarter.
Private consumption increased 0.5 percent in the second quarter from three months earlier, turning around from a 0.1 percent reduction in the first quarter.
Construction investment shrank 1.2 percent in the cited quarter, and facility investment dropped 2.1 percent.
The real gross national income, which measures the combined income earned at home and abroad by people and businesses, rose 1.0 percent in the second quarter on a quarterly basis.
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, mounted 2.8 percent in the second quarter from a year earlier, higher than an increase of 2.4 percent in the prior quarter. ■