Industry in Korea

Korea Industry | Economic News & Forecasts

Korea - Industry

Industrial output rebounds in November

Industrial production increased 0.5% in November in annual terms (October: -2.0% yoy).

On a monthly basis, industrial output rose 0.3% in seasonally-adjusted terms in November, contrasting October’s 1.1% fall. Meanwhile, annual average industrial production growth fell to 0.7% in November (October: +0.8% yoy). This signals a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.8% in 2021, which is up 0.5 percentage points from the previous month’s forecast, before growing 3.2% in 2022.

Korea - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-0.3  2.2  2.7  1.6  -0.1  

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Korea Industry Chart

Korea Industry
Note: Annual variation of industrial production in %.
Source: Korea National Statistics Office and FocusEconomics calculations.

Korea Facts

Value Change Date
Bond Yield1.681.55 %Dec 31
Exchange Rate1,1560.21 %Dec 31

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