Industrial production in South Korea declined 2.7 percent year-on-year in January 2019, following a revised 0.2 percent drop in the previous month and compared to market expectations of a 0.5 percent decrease. Manufacturing output fell 2.5 percent after remaining unchanged in the previous month. On a monthly basis, industrial production declined 2.6 percent, following a downwardly revised 0.2 percent increased and compared to market consensus of a 0.9 percent fall. Industrial Production in South Korea averaged 8.74 percent from 1976 until 2019, reaching an all time high of 39.40 percent in July of 1976 and a record low of -25.40 percent in January of 2009.

Industrial Production in South Korea is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in South Korea to stand at 3.80 in 12 months time. In the long-term, the South Korea Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.

South Korea Industrial Production
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-27 11:00 PM Industrial Production YoY 0.1% 10.9% 1.1% 1.5%
2019-01-30 11:00 PM Industrial Production YoY 1.6% 1.1% 1.7% 0.3%
2019-02-27 11:00 PM Industrial Production YoY 0.1% 0.7% 1% 0.9%
2019-03-28 11:00 PM Industrial Production YoY -2.7% -0.2% -0.5% -0.2%
2019-04-29 11:00 PM Industrial Production YoY -2.7% 0.1%
2019-05-30 11:00 PM Industrial Production YoY
2019-06-27 11:00 PM Industrial Production YoY


South Korea Business Last Previous Highest Lowest Unit
Business Confidence 73.00 69.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.80 47.20 52.60 45.70 [+]
Industrial Production -2.70 -0.20 39.40 -25.40 percent [+]
Industrial Production Mom -2.60 0.20 10.50 -10.80 percent [+]
Manufacturing Production -2.50 0.20 40.80 -26.60 percent [+]
Capacity Utilization 101.70 103.10 104.60 3.80 Index Points [+]
New Orders 6370522.00 6276359.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 1731.70 -1354.20 13533.70 -15359.30 KRW Billion [+]
Bankruptcies 37.00 48.00 3377.00 26.00 Companies [+]
Car Registrations 125916.00 98129.00 155971.00 49944.00 [+]
Leading Economic Index 113.50 113.40 113.70 4.40 Index Points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Steel Production 5471.18 6210.58 6405.68 650.00 Thousand Tonnes [+]
Mining Production -1.40 4.40 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 22130.41 25106.16 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4114913.00 4228509.00 4657094.00 1954494.00 [+]
Coincident Index 109.80 110.00 110.00 4.30 Index Points [+]
Competitiveness Index 78.84 78.03 78.84 4.93 Points [+]
Competitiveness Rank 15.00 17.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]


South Korea Industrial Production

In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - South Korea Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Industrial Production - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -0.20 39.40 -25.40 1976 - 2019 percent Monthly
2015=100, NSA




Country Last Previous
Argentina -8.50 Feb/19
Australia 2.80 Sep/18
Brazil 2.00 Feb/19
Canada 1.19 Jan/19
China 8.50 Mar/19
Euro Area -0.30 Feb/19
France 0.60 Feb/19
Germany -0.40 Feb/19
India 0.10 Feb/19
Indonesia -4.00 Feb/19
Italy 0.90 Feb/19
Japan -1.10 Feb/19
Mexico -0.80 Feb/19
Netherlands -0.30 Feb/19
Russia 1.20 Mar/19
Saudi Arabia 2.34 Sep/18
Singapore 0.70 Feb/19
South Africa 0.60 Feb/19
South Korea -2.70 Feb/19
Spain -0.30 Feb/19
Switzerland 5.10 Dec/18
Turkey -5.10 Feb/19
United Kingdom 0.10 Feb/19
United States 2.80 Mar/19


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