Industrial production in South Korea decreased 3.3% month-on-month on a seasonally-adjusted basis in April 2022, shrinking for the first time in seven months and marking the biggest decline since May 2020. On an annual basis, industrial output grew 3.3%, slowing from a 3.7% rise in the previous month and registering at its lowest in seven months. 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 Mom in South Korea averaged 0.58 percent from 1980 until 2022, reaching an all time high of 11 percent in September of 1987 and a record low of -11.10 percent in December of 2008. This page provides the latest reported value for - South Korea Industrial Production Mom - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Industrial Production Mom - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Industrial Production Mom in South Korea is expected to be 1.50 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 Mom is projected to trend around 1.50 percent in 2023, according to our econometric models.