Industrial production in South Korea grew 4.7 percent year-on-year in March of 2021, after a 0.9 percent advance in the previous month and compared with market expectations of a 4.1 percent increase. On a monthly basis, industrial production fell 0.8 percent, following a revised 4.4 percent climb in February and against market expectations of a 0.1 percent gain. source: Statistics Korea

Industrial Production in South Korea averaged 8.38 percent from 1976 until 2021, 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. South Korea Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Industrial Production in South Korea is expected to be 5.10 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 3.20 in 12 months time. In the long-term, the South Korea Industrial Production is projected to trend around 3.60 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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South Korea Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
4.70 0.90 38.90 -25.30 1976 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 11:00 PM Dec 3.4% 0.5% 0.9% -3.5%
2021-03-01 11:00 PM Jan 7.5% 2.5% 5.3% 4.5%
2021-03-30 11:00 PM Feb 0.9% 7.8% 2.5% 1.5%
2021-04-29 11:00 PM Mar 4.7% 0.9% 4.2% 2.5%
2021-05-30 11:00 PM Apr
2021-06-29 11:00 PM May
2021-07-29 11:00 PM Jun
2021-08-30 11:00 PM Jul


News Stream
South Korea Industrial Production Beats Consensus
Industrial production in South Korea grew 4.7 percent year-on-year in March of 2021, after a 0.9 percent advance in the previous month and compared with market expectations of a 4.1 percent increase. On a monthly basis, industrial production fell 0.8 percent, following a revised 4.4 percent climb in February and against market expectations of a 0.1 percent gain.
2021-04-29
South Korea Industrial Production Loses Steam
Industrial production in South Korea grew 0.9 percent year-on-year in February of 2021, after an upwardly revised 7.8 percent advance in the previous month and compared with market expectations of a 2.5 percent increase. On a monthly basis, industrial output expanded 4.3 percent following a 1.2 percent decline in January, compared to market expectations of a 0.1 percent decrease.
2021-03-30
South Korea Industrial Production Books Mixed Results
Industrial production in South Korea grew 7.5 percent year-on-year in January of 2021, after a downwardly revised 2.5 percent advance in the previous month and compared with market expectations of a 5.3 percent increase. However, on a monthly basis, industrial production declined 1.6 percent, following a downwardly revised 2.7 percent climb in December and well below market expectations of a 1 percent advance.
2021-03-01
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 Production
In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.