Industrial production in South Korea rebounded a sharp 10.7 percent year-on-year in October of 2018, following an 8.4 percent plunge in the previous month and comfortably beating market expectations of a 6.9 percent expansion. It was the sharpest increase since February of 2012. Manufacturing output surged 11.1 percent, compared to an 8.9 percent decline in September. On a monthly basis, industrial production expanded 1.0 percent, following an upwardly revised 2.7 percent drop and slightly below market expectations of 1.1 percent. Industrial Production in South Korea averaged 8.77 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 4.60 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 -1.30 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
2018-08-30 11:00 PM Industrial Production YoY 0.9% -0.4% 0.2% 1%
2018-10-01 11:00 PM Industrial Production YoY 2.5% 1.0% 1.2% 2.3%
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 10.7% 1.5%
2019-01-30 11:00 PM Industrial Production YoY 4.60%
2019-03-01 11:00 PM Industrial Production YoY


South Korea Business Last Previous Highest Lowest Unit
Business Confidence 73.00 71.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.60 51.00 52.60 45.70 [+]
Industrial Production 10.70 -8.40 39.40 -25.40 percent [+]
Industrial Production Mom 1.00 -2.70 10.50 -10.70 percent [+]
Manufacturing Production 11.10 -8.90 40.80 -26.60 percent [+]
Capacity Utilization 102.60 102.50 104.60 3.80 Index Points [+]
New Orders 6271827.00 9327988.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories -1354.20 179.10 13533.70 -15359.30 KRW Billion [+]
Bankruptcies 39.00 41.00 3377.00 26.00 Companies [+]
Car Registrations 131112.00 110234.00 155971.00 49944.00 [+]
Leading Economic Index 113.40 113.40 113.40 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 [+]
Mining Production -16.00 -13.80 43.10 -36.00 percent [+]
Steel Production 6185.46 5853.02 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 23308.81 24472.51 24724.60 13859.99 Gigawatt-hour [+]
Car Production 4114913.00 4228509.00 4657094.00 1954494.00 [+]
Coincident Index 109.20 109.20 109.20 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 54.00 53.00 56.00 38.00 Points [+]
Corruption Rank 51.00 52.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.70 -8.40 39.40 -25.40 1976 - 2018 percent Monthly
2010=100, NSA




Country Last Previous
Argentina -6.80 Oct/18
Australia 2.80 Sep/18
Brazil 1.10 Oct/18
Canada 2.76 Aug/18
China 5.90 Oct/18
Euro Area 0.90 Sep/18
France -0.70 Oct/18
Germany 1.60 Oct/18
India 4.50 Sep/18
Indonesia 1.50 Sep/18
Italy 1.30 Sep/18
Japan 4.20 Oct/18
Mexico 1.80 Sep/18
Netherlands -2.10 Sep/18
Russia 3.70 Oct/18
Saudi Arabia 5.84 Jun/18
Singapore 4.30 Oct/18
South Africa 0.10 Sep/18
South Korea 10.70 Oct/18
Spain 0.80 Oct/18
Switzerland 1.40 Sep/18
Turkey -2.70 Sep/18
United Kingdom 0.00 Sep/18
United States 4.10 Oct/18


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