New Orders in South Korea decreased to 10567314 KRW Million in July from 11778524 KRW Million in June of 2021. source: Statistics Korea

New Orders in South Korea averaged 3853626.14 KRW Million from 1979 until 2021, 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 September of 2021.

New Orders in South Korea is expected to be 7860000.00 KRW Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea New Orders is projected to trend around 7860000.00 KRW Million in 2022, according to our econometric models.

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South Korea New Orders

Actual Previous Highest Lowest Dates Unit Frequency
10567314.00 11778524.00 14895263.00 93961.00 1979 - 2021 KRW Million Monthly
Current Prices, NSA

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 95.00 97.00 119.00 35.00 points [+]
Manufacturing PMI 51.20 53.00 55.30 41.30 points [+]
Industrial Production 7.90 11.50 38.90 -25.30 percent [+]
Industrial Production Mom 0.40 2.30 11.00 -11.10 percent [+]
Manufacturing Production 7.60 11.80 41.60 -26.70 percent [+]
Capacity Utilization 104.70 105.00 106.10 3.80 points [+]
New Orders 10567314.00 11778524.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 2524.00 1266.40 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 10.00 23.00 3377.00 8.00 Companies [+]
Car Registrations 107072.00 133162.00 205595.00 49944.00 [+]
Leading Economic Index 127.90 127.20 127.90 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 7.50 -4.00 43.10 -36.00 percent [+]
Steel Production 6100.00 6000.00 6405.68 650.00 Thousand Tonnes [+]
Coincident Index 117.00 116.90 117.00 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Car Production 3506774.00 3950617.00 4657094.00 1954494.00 [+]
Corruption Index 61.00 59.00 61.00 38.00 Points [+]
Corruption Rank 33.00 39.00 52.00 27.00 [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22978.09 22962.68 25106.16 13859.99 Gigawatt-hour [+]


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.