Industrial production rate in April registered 6.9 percent on year-on-year by showing sluggish performance. Single-digit growth rate continued for three consecutive months. The rate decreased 1.5 percent from the previous month due to facility replacement and repair in some industries. The private consumption in April continued upward trajectory similar to the previous month. The growth rate of retail sales index recorded 5.0 percent, similar to the previous month (5.2 percent).

  The CPI in May recorded a growth rate of 4.1 percent, because of a continued rising trend in service prices, although goods prices grew at a slower pace. The growth rate of goods prices registered 5.9 percent, down by 0.5 percent point from the previous month. The core inflation rate registered 3.5 percent, up by 0.3 percent point from the previous month (3.2 percent).

  In the first quarter of 2011, total revenue is 78.7 trillion won, which is a 1.1 trillion won jump from the same time last year, and total expenditure is 83.1 trillion won, decreasing 1.5 trillion won compared to the same period last year. Consolidated fiscal balance is −4.4 trillion won, managed fiscal balance is −13.3 trillion won, which have dropped from the same period last year because of the alleviation of early execution and a decrease in social security funds surplus.