Industrial production in South Korea advanced 9.6 percent year-on-year in August of 2021, accelerating from a downwardly revised 7.7 percent rise in the previous month and beating market expectations of an 8.2 percent gain. Manufacturing activity climbed 10.1 percent, up from a 7.3 percent rise in July. On a seasonally adjusted monthly basis, industrial production went down 0.7 percent, after a 0.2 percent increase in July and against forecast of a 0.5 percent rise. source: Statistics Korea
Industrial Production in South Korea averaged 8.41 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 October of 2021.
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. 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.