New Orders in South Korea increased to 11710034 KRW Million in December from 6662514 KRW Million in November of 2020. source: Statistics Korea

New Orders in South Korea averaged 3767708.46 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 March of 2021.

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 2022, according to our econometric models.

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South Korea New Orders

Actual Previous Highest Lowest Dates Unit Frequency
11710034.00 6662514.00 14895263.00 93961.00 1979 - 2020 KRW Million Monthly
Current Prices, NSA

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 82.00 85.00 119.00 35.00 points [+]
Manufacturing PMI 55.30 53.20 55.30 41.30 points [+]
Industrial Production 7.50 2.50 38.90 -25.30 percent [+]
Industrial Production Mom -1.60 2.70 11.00 -11.10 percent [+]
Manufacturing Production 7.40 2.40 41.60 -26.70 percent [+]
Capacity Utilization 106.10 104.50 106.10 3.80 points [+]
New Orders 11710034.00 6662514.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 153.00 1080.90 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 27.00 21.00 3377.00 15.00 Companies [+]
Car Registrations 131803.00 138356.00 205595.00 49944.00 [+]
Leading Economic Index 124.80 124.00 124.80 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 -10.50 -1.00 43.10 -36.00 percent [+]
Steel Production 6000.00 5951.82 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 23710.08 22420.50 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3950617.00 4028834.00 4657094.00 1954494.00 [+]
Coincident Index 114.00 113.70 114.00 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 61.00 59.00 61.00 38.00 Points [+]
Corruption Rank 33.00 39.00 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.