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Manufacturing Production YoY

KR

Key Values

Actual
0.80
Forecast
1.20
Previous
1.40

About This Indicator

Description

This indicator tracks the annual change in the inflation-adjusted value of output produced by the manufacturing sector. Manufacturing is often considered a leading indicator of the broader economy due to its sensitivity to consumer demand and interest rates. A steady increase in production suggests industrial growth and healthy business investment.

Methodology

The YoY percentage is calculated by comparing the total manufacturing output of the current month to the output of the same month in the previous year, using volume indices.

Source: Statistics Korea

Full History

Historical Data
View data as table
DateActualForecastSurprise
Oct 30, 20220.801.20-0.40
Sep 29, 20220.800.50+0.30
Aug 30, 20221.502.10-0.60
Jul 28, 20221.406.60-5.20
Jun 29, 20227.803.00+4.80
May 30, 20223.700.70+3.00
Apr 28, 20223.702.10+1.60
Mar 30, 20226.20——
Mar 1, 20224.407.00-2.60
Jan 27, 20226.802.70+4.10
Dec 29, 20216.203.70+2.50
Nov 29, 20214.604.00+0.60
Oct 28, 2021-1.903.20-5.10
Sep 29, 202110.104.80+5.30

Statistics

Mean
3.06
Std Deviation
5.48
Trend
Flat
Forecast Accuracy
76.9%
Data Points
101
YoY
-9.30