South Korea Industrial Production Mom

Last Release

Feb 28, 2023

Actual

-3.2

Units In

2.4

Frequency

Monthly

Next Release

Apr 27, 2023

Time to Release

26 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
11 Sep 1987	-11.1 Dec 2008	0.55 %	1980-2023	Statistics Korea

In South Korea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Latest Updates

Industrial production in South Korea fell 3.2% month-on-month on a seasonally adjusted basis in February of 2023, following a downwardly revised 2.4% rise in January, below market expectation of a 0.5% drop. It marked the biggest monthly drop in industrial production since October 2022. On an annual basis, industrial output contracted by 8.2%, after a downwardly revised 13% decline in the earlier month.