Industrial production in South Korea climbed 1.6 percent year-on-year in December of 2018, following an upwardly revised 1.1 percent increase in the previous month and below market expectations of a 1.7 percent gain. Manufacturing output advanced 2.0 percent, compared to a 1.3 percent rise in November. On a monthly basis, industrial production went down 1.4 percent, following a downwardly revised 1.6 percent drop and compared to market consensus of a flat reading. Industrial Production in South Korea averaged 8.74 percent from 1976 until 2018, reaching an all time high of 39.40 percent in July of 1976 and a record low of -25.40 percent in January of 2009.

Industrial Production in South Korea is expected to be 0.10 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 3.80 in 12 months time. In the long-term, the South Korea Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.

South Korea Industrial Production
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-30 11:00 PM Industrial Production YoY -8.4% 2.5% -3.6% -3.1%
2018-11-29 11:00 PM Industrial Production YoY 10.7% -8.4% 6.9% 4.4%
2018-12-27 11:00 PM Industrial Production YoY 0.1% 10.9% 1.1% 1.5%
2019-01-30 11:00 PM Industrial Production YoY 1.6% 1.1% 1.7% 0.3%
2019-02-27 11:00 PM Industrial Production YoY 1.6%
2019-03-28 11:00 PM Industrial Production YoY
2019-04-29 11:00 PM Industrial Production YoY 0.1%


South Korea Business Last Previous Highest Lowest Unit
Business Confidence 67.00 71.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.30 49.80 52.60 45.70 [+]
Industrial Production 1.60 1.10 39.40 -25.40 percent [+]
Industrial Production Mom -1.40 -1.60 10.50 -10.70 percent [+]
Manufacturing Production 2.00 1.30 40.80 -26.60 percent [+]
Capacity Utilization 102.70 102.50 104.60 3.80 Index Points [+]
New Orders 8787486.00 6427427.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 1731.70 -1354.20 13533.70 -15359.30 KRW Billion [+]
Bankruptcies 39.00 47.00 3377.00 26.00 Companies [+]
Car Registrations 135108.00 118994.00 155971.00 49944.00 [+]
Leading Economic Index 113.70 113.50 113.70 4.40 Index Points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Steel Production 6162.32 5928.09 6405.68 650.00 Thousand Tonnes [+]
Mining Production 6.50 5.60 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 24400.07 23615.32 24724.60 13859.99 Gigawatt-hour [+]
Car Production 4114913.00 4228509.00 4657094.00 1954494.00 [+]
Coincident Index 109.50 109.30 109.50 4.30 Index Points [+]
Competitiveness Index 78.84 78.03 78.84 4.93 Points [+]
Competitiveness Rank 15.00 17.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.10 39.40 -25.40 1976 - 2018 percent Monthly
2015=100, NSA




Country Last Previous
Argentina -14.70 Dec/18
Australia 2.80 Sep/18
Brazil -3.60 Dec/18
Canada 4.20 Oct/18
China 5.70 Dec/18
Euro Area -4.20 Dec/18
France -1.40 Dec/18
Germany -3.90 Dec/18
India 2.40 Dec/18
Indonesia 0.60 Oct/18
Italy -5.50 Dec/18
Japan -1.90 Dec/18
Mexico -2.50 Dec/18
Netherlands 0.40 Nov/18
Russia 1.10 Jan/19
Saudi Arabia 5.84 Jun/18
Singapore 2.70 Dec/18
South Africa 0.10 Dec/18
South Korea 1.60 Dec/18
Spain -6.20 Dec/18
Switzerland 1.40 Sep/18
Turkey -9.80 Dec/18
United Kingdom -0.90 Dec/18
United States 3.80 Jan/19


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