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.