Korea Industry


Industrial production rebounds in November

In November, industrial production added 2.9% over the same month the previous year, which contrasted the 0.8% contraction recorded in October. The reading exceeded market expectations, which had industrial production expanding 0.8%.

Compared to the previous month, industrial production jumped a seasonally adjusted 2.27%, which was well above the 0.67% increase recorded in October. In fact, the reading marked the strongest gain in ten months. Despite the monthly increase, the trend continues to point down, with annual average growth in industrial output dropping from 2.2% in October to 2.0% in November, the lowest level recorded since December 2009.


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Korea Industry Chart

Korea Industry November 2012

Note: Year-on-year and annual average growth rate in %.
Source: Korea National Statistics Office (KOSTAT) and FocusEconomics calculations.

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