Manufacturing Production in South Korea decreased 9.80 percent in May of 2020 over the same month in the previous year.

Manufacturing Production in South Korea averaged 8.71 percent from 1976 until 2020, reaching an all time high of 40.80 percent in January of 2010 and a record low of -26.60 percent in January of 2009. This page provides - South Korea Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Korea

Manufacturing Production in South Korea is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in South Korea to stand at 1.10 in 12 months time. In the long-term, the South Korea Manufacturing Production is projected to trend around 1.50 percent in 2021, according to our econometric models.

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South Korea Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
-9.80 -4.70 40.80 -26.60 1976 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-30 11:00 PM Feb 12% -2.4% -5%
2020-04-28 11:00 PM Mar 7.6% 11.9% -2%
2020-05-28 11:00 PM Apr -4.7% 8.0% 2.5%
2020-06-29 11:00 PM May -9.8% -5.1% -3.7%
2020-07-30 11:00 PM Jun 0.5%
2020-08-30 11:00 PM Jul
2020-09-28 11:00 PM Aug
2020-10-29 11:00 PM Sep 1.1%

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 51.00 49.00 119.00 35.00 points [+]
Manufacturing PMI 43.40 41.30 52.60 41.30 points [+]
Industrial Production -9.60 -5.10 39.40 -25.40 percent [+]
Industrial Production Mom -6.70 -6.70 10.50 -10.60 percent [+]
Manufacturing Production -9.80 -4.70 40.80 -26.60 percent [+]
Capacity Utilization 103.70 103.90 104.60 3.80 points [+]
New Orders 5170605.00 5649390.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 5557.80 2431.20 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 23.00 24.00 3377.00 15.00 Companies [+]
Car Registrations 147121.00 140059.00 205595.00 49944.00 [+]
Leading Economic Index 118.40 118.40 119.10 4.40 points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production 1.50 5.30 26.40 -30.60 percent [+]
Steel Production 5386.91 5500.00 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 21881.82 23129.81 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3950617.00 4028834.00 4657094.00 1954494.00 [+]
Coincident Index 110.20 110.90 113.80 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 59.00 57.00 59.00 38.00 Points [+]
Corruption Rank 39.00 45.00 52.00 27.00 [+]


South Korea Manufacturing Production
Manufacturing accounts for as much as a third of South Korea’s GDP and is dominated by the conglomerates known as chaebols.