Korea skyline

Korea Industry June 2018

Korea: Industrial production decreases in June

Industrial production in the mining, manufacturing, and gas and electricity sectors decreased 0.4% in June compared to the same month last year, contrasting the revised 1.2% increase in May (previously reported: 0.9% year-on-year). The average annual change in industrial production slipped to a 0.2% contraction in June (May: -0.1% yoy).

Output in the manufacturing sector decreased 0.7% in June, a contrast from the 1.0% growth recorded in May. This was due to weaker production destined for the domestic market in Korea and coincided with strong growth in producers’ inventory levels. Meanwhile, the average factor capacity utilization rate decreased to 73.5% in June from 74.0% in May.

A month-on-month comparison adjusted for seasonality shows that industrial production was stable in June. This contrasts the 1.6% increase recorded in May.

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 X Download Fullscreen