Industrial production in South Korea grew 3.3% year-on-year in April 2022, slowing from a 3.7% rise in the previous month and registering at its lowest in seven months. On a monthly, seasonally-adjusted basis, industrial output decreased 3.3%, shrinking for the first time in seven months and marking the biggest decline since May 2020. Asia's fourth-largest economy has been on a recovery track on the back of robust exports and improving private spending. However, it faces heightened economic uncertainty as soaring energy and food prices have put upward pressure on inflation amid Russia's war with Ukraine. source: Statistics Korea

Industrial Production in South Korea averaged 8.35 percent from 1976 until 2022, 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 June of 2022.

Industrial Production in South Korea is expected to be 3.20 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 2.50 percent in 2023, according to our econometric models.

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South Korea Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-04-28 11:00 PM Mar 3.7% 6.3% 4% 2.3%
2022-05-30 11:00 PM Apr 3.3% 3.7% 0.5%
2022-06-29 11:00 PM May 3.3% 2.9%


Related Last Previous Unit Reference
Industrial Production Mom -3.30 1.10 percent Apr 2022
Industrial Production 3.30 3.70 percent Apr 2022
Manufacturing Production 3.70 3.70 percent Apr 2022
Capacity Utilization 105.00 104.90 points Apr 2022
New Orders 11741765.00 14210286.00 KRW Million Apr 2022
Mining Production -11.30 5.90 percent Feb 2022
Cement Production 5221.00 5825.00 Thousands of Tonnes Dec 2017

South Korea Industrial Production
In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.70 38.90 -25.30 1976 - 2022 percent Monthly
2015=100, NSA

News Stream
South Korea Industrial Output Misses Forecast
Industrial production in South Korea grew 3.7% year-on-year in March 2022, slowing from a 6.3% rise in the previous month and missing expectations for a 4% increase. On a monthly, seasonally-adjusted basis, industrial output expanded 1.3% in March, marking the fastest growth since December 2021 and beating forecasts for a 0.2% decline. Asia's fourth-largest economy has been on a recovery track on the back of robust exports and improving private spending. However, it faces heightened economic uncertainty as soaring energy prices have put upward pressure on inflation amid Russia's war with Ukraine.
2022-04-29
South Korea Industrial Output Growth Beats Estimates
Industrial production in South Korea grew 6.5 percent year-on-year in February of 2022, accelerating from a downwardly revised 4.2 percent gain in the previous month and beating market expectations of a 4.5 percent increase. Manufacturing activity rose 6.2 percent, up from a downwardly revised 4.3 percent rise in January. On a monthly basis, industrial output expanded 0.60 percent, following an upwardly revised 0.30 percent growth in January, above market expectations of a flat reading.
2022-03-30
South Korea Industrial Output Tops Forecast
Industrial production in South Korea increased 6.2 percent year-on-year in December of 2021, after an upwardly 6.3 percent increase in the previous month and above market expectations of a 2 percent increase. It was the third consecutive month with a positive number as manufacturing activity rose 6.8 percent, up from a 6.2 percent increase in November. On a seasonally adjusted monthly basis, industrial production rose 4.3 percent, following an upwardly revised 5.3 percent increase in the previous month and well above market expectations of a 1 percent increase.
2022-01-27