New Orders in South Korea increased to 6920089 KRW Million in June from 5170605 KRW Million in May of 2020.

New Orders in South Korea averaged 3727337.32 KRW Million from 1979 until 2020, reaching an all time high of 14895263 KRW Million in May of 2007 and a record low of 93961 KRW Million in September of 1980. This page provides - South Korea New Orders - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea New Orders - values, historical data and charts - was last updated on August of 2020. source: Statistics Korea

New Orders in South Korea is expected to be 7710000.00 KRW Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Orders in South Korea to stand at 7860000.00 in 12 months time. In the long-term, the South Korea New Orders is projected to trend around 7860000.00 KRW Million in 2021, according to our econometric models.

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South Korea New Orders

Actual Previous Highest Lowest Dates Unit Frequency
6920089.00 5170605.00 14895263.00 93961.00 1979 - 2020 KRW Million Monthly
Current Prices, NSA

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 57.00 51.00 119.00 35.00 points [+]
Manufacturing PMI 46.90 43.40 52.60 41.30 points [+]
Industrial Production -0.50 -9.80 39.40 -25.40 percent [+]
Industrial Production Mom 7.20 -7.00 10.50 -10.60 percent [+]
Manufacturing Production -0.40 -9.80 40.80 -26.60 percent [+]
Capacity Utilization 103.80 103.70 104.60 3.80 points [+]
New Orders 6920089.00 5170605.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 6385.30 5557.80 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 26.00 24.00 3377.00 15.00 Companies [+]
Car Registrations 147416.00 180562.00 205595.00 49944.00 [+]
Leading Economic Index 119.20 118.40 119.20 4.40 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 -6.80 5.60 26.40 -30.60 percent [+]
Steel Production 5096.51 5386.91 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 20839.71 21881.82 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3950617.00 4028834.00 4657094.00 1954494.00 [+]
Coincident Index 110.60 110.20 113.80 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 59.00 57.00 59.00 38.00 Points [+]
Corruption Rank 39.00 45.00 52.00 27.00 [+]


South Korea New Orders
In South Korea, because new orders heavily affect business confidence they are a leading indicator for growth in gross domsestic product.