Industrial production in South Korea dropped on a seasonally-adjusted basis by 3.5% month-on-month in October 2022, falling at the fastest pace since May 2020 as rising interest rates, weaker external demand and heightened uncertainties weighed on economic activity. October’s figure also came in worse than expectations for a milder 1% fall and accelerated from a 1.9% decline in September. On an annual basis, industrial output decreased 1.1% in October, turning negative for the first time since September 2021, following a 0.7% rise in the previous month. source: Statistics Korea

Industrial Production Mom in South Korea averaged 0.56 percent from 1980 until 2022, reaching an all time high of 11.00 percent in September of 1987 and a record low of -11.10 percent in December of 2008. This page provides the latest reported value for - South Korea Industrial Production Mom - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Industrial Production Mom - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Industrial Production Mom in South Korea is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Industrial Production Mom is projected to trend around 1.50 percent in 2023, according to our econometric models.

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South Korea Industrial Production Mom



Calendar GMT Actual Previous Consensus TEForecast
2022-10-30 11:00 PM Sep -1.8% -1.4% -0.3% -0.4%
2022-11-29 11:00 PM Oct -3.5% -1.9% -1% -0.9%
2022-12-29 11:00 PM Nov


Related Last Previous Unit Reference
Industrial Production Mom -3.50 -1.90 percent Oct 2022
Industrial Production -1.10 0.70 percent Oct 2022
Manufacturing Production 0.80 1.40 percent Sep 2022
Capacity Utilization 105.20 105.30 points Oct 2022
New Orders 8867952.00 11506022.00 KRW Million Oct 2022
Mining Production -11.30 5.90 percent Feb 2022
Cement Production 5221.00 5825.00 Thousands of Tonnes Dec 2017

South Korea Industrial Production Mom
In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -1.90 11.00 -11.10 1980 - 2022 percent Monthly
2015=100, SA

News Stream
South Korea Industrial Output Hits 2-½-Year Low
Industrial production in South Korea dropped on a seasonally-adjusted basis by 3.5% month-on-month in October 2022, falling at the fastest pace since May 2020 as rising interest rates, weaker external demand and heightened uncertainties weighed on economic activity. October’s figure also came in worse than expectations for a milder 1% fall and accelerated from a 1.9% decline in September. On an annual basis, industrial output decreased 1.1% in October, turning negative for the first time since September 2021, following a 0.7% rise in the previous month.
2022-11-29
South Korea Industrial Output at Near 2-Year Low
Industrial production in South Korea decreased 3.3% month-on-month on a seasonally-adjusted basis in April 2022, shrinking for the first time in seven months and marking the biggest decline since May 2020. On an annual basis, industrial output grew 3.3%, slowing from a 3.7% rise in the previous month and registering at its lowest in seven months. Asia's fourth-largest economy has been on a recovery track on the back of robust exports and improving private spending. However, it faces heightened economic uncertainty as soaring energy and food prices have put upward pressure on inflation amid Russia's war with Ukraine.
2022-05-31
S.Korea March Industrial Output at 3-Month High
Industrial production in South Korea expanded 1.3% month-on-month on a seasonally-adjusted basis in March, marking the fastest growth since December 2021 and beating forecasts for a 0.2% decline. On an annual basis, industrial output grew 3.7%, slowing from a 6.3% rise in the previous month and missing expectations for a 4% increase. Asia's fourth-largest economy has been on a recovery track on the back of robust exports and improving private spending. However, it faces heightened economic uncertainty as soaring energy prices have put upward pressure on inflation amid Russia's war with Ukraine.
2022-04-29