Industrial production in South Korea edged down 0.3 percent year-on-year in November 2019, after a downwardly revised 2.1 percent fall in the previous month and compared with market expectations of a 1.4 percent decline. It was the second straight monthly decrease in industrial activity, as manufacturing continued to drop (-0.1 percent vs -2.0 percent in October). On a monthly basis, industrial production fell 0.5 percent, following a downwardly revised 1.6 percent slump and missing market consensus of a 0.5 percent gain.
Industrial Production in South Korea averaged 8.58 percent from 1976 until 2019, reaching an all time high of 38.90 percent in July of 1976 and a record low of -25.30 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. source: Statistics Korea
Industrial Production in South Korea is expected to be 1.00 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 1.20 in 12 months time. In the long-term, the South Korea Industrial Production is projected to trend around 2.00 percent in 2020, according to our econometric models.