Korea skyline

Korea Industry January 2018

Korea: Industrial production grows for the first time in four months in January

Industrial production in the mining, manufacturing, gas and electricity sectors increased 4.6% in January compared to the same month last year, contrasting December’s revised 4.6% decrease (previously reported: -6.0% year-on-year). The growth reading in January was the first in four months and above market expectations of a 3.2% expansion. Annual average growth in industrial production accelerated to 2.2% in January, up from December’s revised growth of 2.0% (previously reported: +0.8% yoy).

Output in the manufacturing sector swung to a 4.3% expansion in January compared to the same month last year, providing a significant boost to the month’s headline industrial production growth. The average factory capacity utilization rate ticked up to 70.4% in January from December’s revised 70.2% (previously reported: 70.4%).

A month-on-month comparison adjusted for seasonality shows that industrial production increased 1.0% in January, contrasting December’s revised 1.7% decrease (previously reported: -0.5% month-on-month).

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