Manufacturing production in South Korea rose by 4.7 percent year-on-year in March of 2021 following a 1.0 percent gain in the previous month. source: Statistics Korea

Manufacturing Production in South Korea averaged 8.59 percent from 1976 until 2021, reaching an all time high of 41.60 percent in July of 1976 and a record low of -26.70 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 May of 2021.

Manufacturing Production in South Korea is expected to be 6.50 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 2.50 in 12 months time. In the long-term, the South Korea Manufacturing Production is projected to trend around 2.50 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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South Korea Manufacturing Production

Actual Previous Highest Lowest Dates Unit Frequency
4.70 1.00 41.60 -26.70 1976 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 11:00 PM Dec 3.4% 0.6% -2.5%
2021-03-01 11:00 PM Jan 7.4% 2.4% 5.5%
2021-03-30 11:00 PM Feb 1.0% 7.7% 2.5%
2021-04-29 11:00 PM Mar 4.7% 1.0% 3.5%
2021-05-30 11:00 PM Apr 4.7%
2021-06-29 11:00 PM May
2021-07-29 11:00 PM Jun
2021-08-30 11:00 PM Jul

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 96.00 89.00 119.00 35.00 points [+]
Manufacturing PMI 54.60 55.30 55.30 41.30 points [+]
Industrial Production 4.70 0.90 38.90 -25.30 percent [+]
Industrial Production Mom -0.80 4.40 11.00 -11.10 percent [+]
Manufacturing Production 4.70 1.00 41.60 -26.70 percent [+]
Capacity Utilization 105.50 104.80 106.10 3.80 points [+]
New Orders 14687024.00 8756127.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 467.90 153.00 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 25.00 8.00 3377.00 8.00 Companies [+]
Car Registrations 141236.00 107280.00 205595.00 49944.00 [+]
Leading Economic Index 125.30 124.70 125.30 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 [+]
Corruption Index 61.00 59.00 61.00 38.00 Points [+]
Corruption Rank 33.00 39.00 52.00 27.00 [+]
Coincident Index 115.10 114.30 115.10 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Car Production 3506774.00 3950617.00 4657094.00 1954494.00 [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22349.73 24494.72 25106.16 13859.99 Gigawatt-hour [+]
Mining Production -11.10 -10.10 43.10 -36.00 percent [+]
Steel Production 6100.00 5500.00 6405.68 650.00 Thousand Tonnes [+]


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.