New Orders in South Korea decreased to 8707479 KRW Million in April from 14687024 KRW Million in March of 2021. source: Statistics Korea

New Orders in South Korea averaged 3814540.16 KRW Million from 1979 until 2021, 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 June 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
8707479.00 14687024.00 14895263.00 93961.00 1979 - 2021 KRW Million Monthly
Current Prices, NSA

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 96.00 96.00 119.00 35.00 points [+]
Manufacturing PMI 53.70 54.60 55.30 41.30 points [+]
Industrial Production 12.40 4.40 38.90 -25.30 percent [+]
Industrial Production Mom -1.60 -0.90 11.00 -11.10 percent [+]
Manufacturing Production 13.00 4.50 41.60 -26.70 percent [+]
Capacity Utilization 105.10 105.50 106.10 3.80 points [+]
New Orders 8707479.00 14687024.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 467.90 153.00 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 12.00 25.00 3377.00 8.00 Companies [+]
Car Registrations 125819.00 139187.00 205595.00 49944.00 [+]
Leading Economic Index 126.20 125.30 126.20 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 7.50 -4.00 43.10 -36.00 percent [+]
Steel Production 5900.00 6100.00 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 23374.72 22349.73 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3506774.00 3950617.00 4657094.00 1954494.00 [+]
Coincident Index 116.40 115.10 116.40 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.