Manufacturing output in South Korea increased 7.8% year-on-year in May 2022, accelerating from a 3.6% growth in the previous month and remaining in positive territory since October. Solid output expansion in the manufacturing industry, the backbone of the economy, showed Asia’s fourth-largest economy maintains a mild recovery momentum amid heightened external uncertainty brought by the protracted war between Russia and Ukraine, and the Federal Reserve's aggressive monetary tightening. source: Statistics Korea

Manufacturing Production in South Korea averaged 8.55 percent from 1976 until 2022, reaching an all time high of 41.60 percent in July of 1976 and a record low of -26.70 percent in January of 2009. This page provides - South Korea Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Manufacturing Production in South Korea is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Manufacturing Production is projected to trend around 2.50 percent in 2023 and 1.50 percent in 2024, according to our econometric models.

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South Korea Manufacturing Production

Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 11:00 PM Apr 3.7% 3.7% 0.7%
2022-06-29 11:00 PM May 7.8% 3.6% 3.0%
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 Manufacturing Production
Manufacturing accounts for as much as a third of South Korea’s GDP and is dominated by the conglomerates known as chaebols.
Actual Previous Highest Lowest Dates Unit Frequency
7.80 3.60 41.60 -26.70 1976 - 2022 percent Monthly
2015=100, NSA