Industrial production in South Korea climbed 1.6 percent year-on-year in December of 2018, following an upwardly revised 1.1 percent increase in the previous month and below market expectations of a 1.7 percent gain. Manufacturing output advanced 2.0 percent, compared to a 1.3 percent rise in November. On a monthly basis, industrial production went down 1.4 percent, following a downwardly revised 1.6 percent drop and compared to market consensus of a flat reading. Industrial Production in South Korea averaged 8.74 percent from 1976 until 2018, 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.