Industrial production in South Korea grew 3.4 percent year-on-year in December of 2020, after a 0.5 percent advance in the previous month and compared with market expectations of a 0.9 percent increase. On a monthly basis, industrial production jumped 3.7 percent, following a 0.3 percent climb in November and well above market expectations of a 1.2 percent advance. source: Statistics Korea

Industrial Production in South Korea averaged 8.41 percent from 1976 until 2020, 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. This page provides the latest reported value for - South Korea Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Industrial Production in South Korea is expected to be 1.80 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 2.00 in 12 months time. In the long-term, the South Korea Industrial Production is projected to trend around 2.00 percent in 2022, according to our econometric models.

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South Korea Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
3.40 0.50 39.40 -25.40 1976 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 11:00 PM Sep 8% -2.6% 1.7% 1.1%
2020-11-29 11:00 PM Oct -2.2% 8.1% -2.5% -2.8%
2020-12-29 11:00 PM Nov 0.5% -2% 1% 1.2%
2021-01-28 11:00 PM Dec 3.4% 0.5% 0.9% -3.5%
2021-03-01 11:00 PM Jan 3.4% 5.3% 4.5%
2021-03-30 11:00 PM Feb
2021-04-29 11:00 PM Mar
2021-05-30 11:00 PM Apr


News Stream
South Korea Industrial Production Beats Consensus
Industrial production in South Korea grew 3.4 percent year-on-year in December of 2020, after a 0.5 percent advance in the previous month and compared with market expectations of a 0.9 percent increase. On a monthly basis, industrial production jumped 3.7 percent, following a 0.3 percent climb in November and well above market expectations of a 1.2 percent advance.
2021-01-28
South Korea Industrial Output Rebounds 0.5% YoY
Industrial production in South Korea rebounded 0.5 percent year-on-year in November of 2020, after a revised 2 percent decline in the previous month and compared with market expectations of a 1 percent increase. On a monthly basis, industrial production rebounded 0.3 percent, following a revised 1.1 percent decline in October and also below market expectations of a 0.8 percent advance.
2020-12-29
South Korea Industrial Output Falls Less Than Expected
Industrial production in South Korea edged down 2.2 percent year-on-year in October of 2020, after a revised 8.1 percent surge in the previous month and compared with market expectations of a 2.5 percent decline. On a monthly basis, industrial production fell 1.2 percent, following a revised 5.9 percent jump in September and compared with market expectations of a 1.2 percent drop.
2020-11-29
South Korea Industrial Production Jumps 8% YoY
Industrial production in South Korea rebounded a sharp 8 percent year-on-year in September of 2020 following a revised 2.6 percent drop in August and compared with market expectations of a 1.7 percent increase, as coronavirus social distancing measures continued to ease and the recovery gained steam. It was the fastest growth pace since February. On a monthly basis, industrial output rebounded 5.4 percent, after a 0.3 percent decline rise in the prior month and compared with market expectations of a 3 percent advance.
2020-10-29

South Korea Industrial Production
In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.