Industrial production in South Korea edged down 0.1 percent year-on-year in April 2019, following a downwardly revised 2.3 percent drop in the previous month and compared to market expectations of a 2.2 percent decrease. Manufacturing output went down 0.2 percent, after decreasing 2.4 percent in March. On a monthly basis, industrial production climbed 1.6 percent, following an upwardly revised 2.1 percent advance in the prior month and beating market consensus of a 0.5 percent gain. Industrial Production in South Korea averaged 8.70 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 2.10 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 2.20 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.