Korea skyline

Korea Industry October 2018

Korea: Industrial production rebounds in October

Industrial production in the mining, manufacturing, and gas and electricity sectors jumped 10.7% in October compared to the same month a year earlier, contrasting the 8.4% decrease in September, which was the largest decline in industrial output in nine-and-a-half years. The average annual change in industrial production improved from -1.7% in September to -0.4% in October.

Output in the manufacturing sector—which accounts for most of industrial production in Korea—rose 11.1% in October, contrasting the 8.9% fall in September. This was due to a rebound in output destined for both domestic and foreign markets. Meanwhile, the average factory capacity utilization rate ticked up to 74.0% in October from 73.8% in September, while inventory levels increased.

A month-on-month comparison adjusted for seasonality shows that industrial production rose 1.0% in October, contrasting the 2.7% decrease in September.

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