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.

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South Korea Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 11:00 PM May 15.6% 12.6% 16.1% 19%
2021-07-29 11:00 PM Jun 11.9% 15.3% 9.3% 11%
2021-08-30 11:00 PM Jul 7.9% 11.5% 7% 7.2%
2021-09-29 11:00 PM Aug 9.6% 7.7% 8.2% 8.5%
2021-10-28 11:00 PM Sep 9.6%
2021-11-29 11:00 PM Oct
2021-12-29 11:00 PM Nov


News Stream
South Korea Industrial Output Growth Beats Forecasts
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.
2021-09-29
South Korea Industrial Output Growth Above Estimates
Industrial production in South Korea advanced 7.9 percent year-on-year in July of 2021, following a downwardly revised 11.5 percent rise in the previous month and compared with market expectations of a 7 percent increase. It was the ninth straight month of growth in industrial activity. On a seasonally adjusted monthly basis, industrial production went up 0.4 percent, following an upwardly revised 2.3 percent gain in June and against market expectations of a 0.1 percent decrease.
2021-08-30
South Korea Industrial Output Growth Beats Forecasts
Industrial production in South Korea grew 11.9 percent year-on-year in June of 2021, following a revised 14.9 percent gain in the previous month and compared with market expectations of a 9.3 percent increase. On a monthly basis, industrial production rose 2.2 percent, following a 1.1 percent drop in May and against market expectations of a 1.0 percent gain.
2021-07-29
S. Korea Industrial Output Rises at Fastest Pace Since 2010
Industrial production in South Korea grew 16.6 percent year-on-year in May of 2021, its quickest pace since June of 2010, after a revised 12.6 percent gain in the previous month and compared with market expectations of a 16.1 percent increase. On a monthly basis, industrial production fell 0.7 percent, following a 1.6 percent drop in April and against market expectations of a 0.8 percent gain.
2021-06-29

South Korea Last Unit Reference Previous Highest Lowest
Industrial Production Mom -0.70 percent Aug/21 0.20 11.00 -11.10
Industrial Production 9.60 percent Aug/21 7.70 38.90 -25.30
Manufacturing Production 10.10 percent Aug/21 7.30 41.60 -26.70
Capacity Utilization 104.70 points Aug/21 104.70 106.10 3.80
New Orders 7131745.00 KRW Million Aug/21 10567314.00 14895263.00 93961.00
Mining Production 7.50 percent Apr/21 -4.00 43.10 -36.00
Cement Production 5221.00 Thousands of Tonnes Dec/17 5825.00 6134.00 1726.00


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.