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Economic Calendar This Week: Week beginning 21 June 2021 Updated: 2021-06-21 10:02:05 KST

On Tuesday, the Bank of Korea will release the producer price index for May.
The figure increased for the sixth consecutive month in April, up point-six percent from the previous month.
Compared to the same period last year, the index was up five.six percent.
The central bank attributed the rise to industrial goods, which increased by about one percent, mainly due to the rising prices of raw materials.
The producer price index or simply PPI is one of the official measures of inflation, tracking the average change over time in the selling prices of goods and services received by domestic producers for their output.
On Wednesday, Statistics Korea will release the country's population data for April.
The March figure showed that the country's population had been shrinking for 17 months in a row.
And… the total fertility rate in the first quarter dropped to point-eight-eight, the lowest record since related data was first compiled in 1981.
With the number of marriages dropping more than 13 percent on year mainly due to the COVID-19 outbreak…on top of economic factors like poor job security and rising housing prices, a fall in population is largely expected to persist for some time.
Over in the U.S., the country will announce its first quarter GDP this year.
According to the government's latest estimate last month, the U.S. economy grew at a robust annual rate of six.four percent in the first three months of this year, unchanged from its initial estimate in April.
The projection is up by two-point four percent compared to the country's fourth quarter GDP last year.
Gains in consumer spending are largely seen as contributing to the increase, which grew at an annual rate of 11.three percent.
Considering rapid vaccinations along with fiscal stimulus, as well as a steady flow of monetary policy support, all eyes are on whether the U.S.' economic growth in the first quarter will outpace the government's projection.
Seo Eunyung, Arirang News.
KOGL : Korea Open Government License
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