Industrial production in South Korea increased 0.1% month-on-month on a seasonally-adjusted basis in May 2022, rebounding from a 3.3% slump in April in the latest sign that Asia’s fourth-largest economy maintains a mild recovery momentum amid heightened external uncertainty. The statistics agency said the rebound in industrial output in May was led by robust service production, as well as an increase in facility and construction investment. "The production of semiconductor-related equipment suffered setbacks due to disruptions in parts supplies. Last month, investment rebound as such problems were resolved," Eo Woon-sun, a senior Statistics Korea official, told reporters. 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 July 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.

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South Korea Industrial Production Mom



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 11:00 PM Apr -3.3% 1.1% 1.1%
2022-06-29 11:00 PM May 0.1% -3.3% 0.5% 0.5%
2022-07-29 11:00 PM Jun


Related Last Previous Unit Reference
Industrial Production Mom 0.10 -3.30 percent May 2022
Industrial Production 7.30 3.50 percent May 2022
Manufacturing Production 7.80 3.60 percent May 2022
Capacity Utilization 105.10 105.00 points May 2022
New Orders 9018150.00 11741765.00 KRW Million May 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 Mom
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
0.10 -3.30 11.00 -11.10 1980 - 2022 percent Monthly
2015=100, SA

News Stream
South Korea Industrial Output at Near 2-Year Low
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.
2022-05-31
S.Korea March Industrial Output at 3-Month High
Industrial production in South Korea expanded 1.3% month-on-month on a seasonally-adjusted basis in March, marking the fastest growth since December 2021 and beating forecasts for a 0.2% decline. On an annual basis, industrial output grew 3.7%, slowing from a 6.3% rise in the previous month and missing expectations for a 4% increase. 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 Production Loses Steam
Industrial production in South Korea grew 4.3 percent year-on-year in January of 2022, after an upwardly revised 7.4 percent advance in the previous month and compared with market expectations of a 6.5 percent increase. On a monthly basis, industrial output expanded 0.2 percent following a revised 3.7 percent gain in December, compared to market expectations of a 0.6 percent decrease.
2022-03-01