Industrial production in South Korea grew 7.5 percent year-on-year in January of 2021, after a downwardly revised 2.5 percent advance in the previous month and compared with market expectations of a 5.3 percent increase. However, on a monthly basis, industrial production declined 1.6 percent, following a downwardly revised 2.7 percent climb in December and well below market expectations of a 1 percent advance. 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 March of 2021.
Industrial Production in South Korea is expected to be 1.80 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 2.00 in 12 months time. In the long-term, the South Korea Industrial Production is projected to trend around 2.00 percent in 2022, according to our econometric models.