Industrial production in South Korea advanced 7.9 percent year-on-year in July of 2021, following a downwardly revised 11.5 percent rise in the previous month and compared with market expectations of a 7 percent increase. It was the ninth straight month of growth in industrial activity. On a seasonally adjusted monthly basis, industrial production went up 0.4 percent, following an upwardly revised 2.3 percent gain in June and against market expectations of a 0.1 percent decrease. source: Statistics Korea

Industrial Production in South Korea averaged 8.40 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 September of 2021.

Industrial Production in South Korea is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
7.90 11.50 38.90 -25.30 1976 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-30 11:00 PM Apr 12.4% 4.4% 11.2% 12%
2021-06-29 11:00 PM May 15.6% 12.6% 16.1% 19%
2021-07-29 11:00 PM Jun 11.9% 15.3% 9.3% 11%
2021-08-30 11:00 PM Jul 7.9% 11.5% 7% 7.2%
2021-09-29 11:00 PM Aug 7.9%
2021-10-28 11:00 PM Sep
2021-11-29 11:00 PM Oct
2021-12-29 11:00 PM Nov


News Stream
South Korea Industrial Output Growth Above Estimates
Industrial production in South Korea advanced 7.9 percent year-on-year in July of 2021, following a downwardly revised 11.5 percent rise in the previous month and compared with market expectations of a 7 percent increase. It was the ninth straight month of growth in industrial activity. On a seasonally adjusted monthly basis, industrial production went up 0.4 percent, following an upwardly revised 2.3 percent gain in June and against market expectations of a 0.1 percent decrease.
2021-08-30
South Korea Industrial Output Growth Beats Forecasts
Industrial production in South Korea grew 11.9 percent year-on-year in June of 2021, following a revised 14.9 percent gain in the previous month and compared with market expectations of a 9.3 percent increase. On a monthly basis, industrial production rose 2.2 percent, following a 1.1 percent drop in May and against market expectations of a 1.0 percent gain.
2021-07-29
S. Korea Industrial Output Rises at Fastest Pace Since 2010
Industrial production in South Korea grew 16.6 percent year-on-year in May of 2021, its quickest pace since June of 2010, after a revised 12.6 percent gain in the previous month and compared with market expectations of a 16.1 percent increase. On a monthly basis, industrial production fell 0.7 percent, following a 1.6 percent drop in April and against market expectations of a 0.8 percent gain.
2021-06-29
South Korea Industrial Output Growth Beats Forecasts
Industrial production in South Korea increased by 12.4 percent year-on-year in April 2021, beating market expectations of an 11.2 percent rise and following a 4.4 percent growth a month earlier. This was the sixth straight month of increase in industrial output and the fastest pace since October 2018, as factory activity quickened in the aftermath of the coronavirus pandemic, with manufacturing output picking up strongly (13 percent vs 4.5 percent in March). On a monthly basis, industrial output unexpectedly fell by 1.6 percent in April, missing market consensus of a 1.5 percent rise and after a revised 0.9 percent drop in March.
2021-05-31

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.