New Orders in South Korea decreased to 5728523 KRW Million in September from 6001849 KRW Million in August of 2020. source: Statistics Korea

New Orders in South Korea averaged 3742406.49 KRW Million from 1979 until 2020, reaching an all time high of 14895263 KRW Million in May of 2007 and a record low of 93961 KRW Million in September of 1980. This page provides - South Korea New Orders - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea New Orders - values, historical data and charts - was last updated on November of 2020.

New Orders in South Korea is expected to be 7860000.00 KRW Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Orders in South Korea to stand at 7860000.00 in 12 months time. In the long-term, the South Korea New Orders is projected to trend around 7860000.00 KRW Million in 2021, according to our econometric models.

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South Korea New Orders

Actual Previous Highest Lowest Dates Unit Frequency
5728523.00 6001849.00 14895263.00 93961.00 1979 - 2020 KRW Million Monthly
Current Prices, NSA

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 85.00 79.00 119.00 35.00 points [+]
Manufacturing PMI 51.20 49.80 52.60 41.30 points [+]
Industrial Production -2.20 8.10 39.40 -25.40 percent [+]
Industrial Production Mom -1.20 5.50 10.50 -10.60 percent [+]
Manufacturing Production -2.20 8.30 40.80 -26.60 percent [+]
Capacity Utilization 104.60 103.90 104.60 3.80 points [+]
New Orders 5728523.00 6001849.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 1080.90 5775.40 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 37.00 30.00 3377.00 15.00 Companies [+]
Car Registrations 130931.00 111629.00 205595.00 49944.00 [+]
Leading Economic Index 122.00 121.20 122.00 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 -3.00 -2.40 26.40 -30.60 percent [+]
Steel Production 5858.75 5830.59 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 23171.95 22533.18 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3950617.00 4028834.00 4657094.00 1954494.00 [+]
Coincident Index 112.10 111.60 113.80 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 [+]


South Korea New Orders
In South Korea, because new orders heavily affect business confidence they are a leading indicator for growth in gross domsestic product.