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.