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. 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 July of 2021.
Industrial Production in South Korea is expected to be 5.10 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 3.20 in 12 months time. 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.