Korea skyline

Korea Industrial production October 2022

Korea: Industrial output contracts at sharpest rate since July 2020 in October

Industrial production declined 2.5% year on year in seasonally-adjusted terms in October (September: +1.4% s.a. yoy). The result marked the worst reading since July 2020. The reading reflected a broad-based downturn across the major sectors, with manufacturing, electricity, gas and steam and mining and quarrying all contracting in October.

On a monthly basis, industrial output fell 3.5% in seasonally adjusted terms in October, which was greater than Septembers 1.9% fall and marking the worst result since May 2020. Meanwhile, annual average industrial production growth fell to 3.6% in October (September: +4.1%). This signals a worsening trend in the industrial sector.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest