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.


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South Korea Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -2.10 38.90 -25.30 1976 - 2019 percent Monthly
2015=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-29 11:00 PM Aug -2.9% 0.6% -0.2% -0.4%
2019-10-30 11:00 PM Sep 0.4% -3.3% -1.1% 0.9%
2019-11-28 11:00 PM Oct -2.5% 0.4% -1.8% -6.3%
2019-12-29 11:00 PM Nov -0.3% -2.1% -1.4% -1.2%
2020-01-30 11:00 PM Dec -0.3% 1% 1%


News Stream
2019-11-28
South Korea Industrial Production Falls in October
Industrial production in South Korea fell 2.5 percent year-on-year in October 2019 following a 0.4 percent increase in the previous month and compared to market consensus of a 1.8 percent decrease, as weak global trade continues to take a toll on export-oriented industries. Manufacturing output also contracted 2.5 percent, after increasing 0.2 percent in September. On a monthly basis, industrial production dropped 1.7 percent after growing 2 percent in the previous month, also missing expectations of a 0.1 percent increase.

2019-10-30
South Korea Industrial Production Beats Expectations
Industrial production in South Korea rose 0.4 percent year-on-year in September 2019, following an upwardly revised 3.3 percent decline in the previous month and beating market consensus of a 1.1 percent decrease. Manufacturing output edged up 0.2 percent, after shrinking 3.3 percent in August. On a monthly basis, industrial production increased 2.0 percent, rebounding from an upwardly revised 1.8 percent fall and above market expectations of 0.6 percent gain.

2019-09-29
South Korea Industrial Output Falls More than Expected
Industrial production in South Korea slumped 2.9 percent year-on-year in August 2019, following 0.6 percent growth in the previous month and compared with market consensus of a 0.2 percent decrease. Manufacturing output dropped 3 percent, after increasing 1 percent in July. On a monthly basis, industrial production declined 1.4 percent, compared with market expectations of 0.5 percent fall.

2019-08-29
South Korea Industrial Production Unexpectedly Climbs
Industrial production in South Korea climbed 0.6 percent year-on-year in July 2019, following a downwardly revised 2.6 percent drop in the previous month and compared with market consensus of a 1.6 percent decrease. Manufacturing output grew 0.8 percent, after shrinking 2.7 percent in June. On a monthly basis, industrial production advanced 2.6 percent, following a downwardly revised 0.1 percent gain in the prior month and well above market expectations of 0.5 percent growth.

2019-07-30
South Korea Industrial Production Shrinks 2.9% YoY
Industrial production in South Korea fell 2.9 percent year-on-year in June 2019, following back-to-back 0.2 percent climbs in the previous two months and compared with market consensus of a 1.5 percent decrease. Manufacturing output declined a sharp 3.1 percent, after edging up 0.1 percent in May. On a monthly basis, industrial production advanced 0.2 percent, following a downwardly revised 1.3 percent decline in the prior month and below market expectations of a 0.2 percent fall.

2019-06-28
South Korea Industrial Output Falls Less than Expected
Industrial production in South Korea fell 0.2 percent year-on-year in May 2019, following an upwardly revised 0.2 percent rise in the previous month and compared with market consensus of a 1.1 percent decrease. Manufacturing output dropped 0.1 percent, after a flat reading in April. On a monthly basis, industrial production declined 1.7 percent, following an upwardly revised 1.9 percent gain in the prior month and below market expectations of a 0.6 percent fall.


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.

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 74.00 74.00 119.00 35.00 points [+]
Manufacturing PMI 50.10 49.40 52.60 45.70 points [+]
Industrial Production -0.30 -2.10 38.90 -25.30 percent [+]
Industrial Production Mom -0.50 -1.60 11.00 -11.00 percent [+]
Manufacturing Production -0.10 -2.00 41.60 -26.70 percent [+]
Capacity Utilization 103.20 101.80 104.60 3.80 points [+]
New Orders 5863845.00 7711018.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 2431.20 4865.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 30.00 25.00 3377.00 22.00 Companies [+]
Car Registrations 139411.00 140404.00 155971.00 49944.00 [+]
Leading Economic Index 116.90 116.00 116.90 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 [+]
Mining Production -4.40 0.80 43.10 -36.00 percent [+]
Steel Production 5894.65 5983.07 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22770.94 22680.86 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.50 111.40 111.50 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 59.00 57.00 59.00 38.00 Points [+]
Corruption Rank 39.00 45.00 52.00 27.00 [+]