Risk and sentiment
Korea Industrial Production YoY
Year-over-year change in Korea's all-industry production index excluding agriculture and fishing. Covering both manufacturing and services output, it reads the real economy faster than quarterly GDP.
At a glance
Korea Industrial Production YoY: latest value and prior change
As of 2026-07-31, Korea Industrial Production YoY is 3.06 %. It is 1.34 pp lower than 4.40 % on 2026-06-30.
Across 49 available observations from 2022-07-31 to 2026-07-31, the latest value is at the tie-adjusted 75th percentile.
- Observed on
- Default comparison window
- 2022-07-31–2026-07-31
- Observations · observed cadence
- 49 · Monthly
- Data source
- Bank of Korea ECOS
A high or low percentile does not by itself make the indicator positive, negative, or a buy or sell signal.
Time-series chart
Korea Industrial Production YoY
2022-07-31–2026-07-31
Long-history series are stored as real provider observations. Index, FX, VIX, and ratio charts use historical backfill where providers expose it; Korean investor flow and margin-credit feeds expand as stable historical endpoints become available.
Recent observations and calculated changes
The ten latest chart observations. Change subtracts the previous observation; intervals vary with holidays, release schedules and missing data. A difference in rates or ratios is not an investment return.
| Observed | Value | Previous date | Difference (current − previous) |
|---|---|---|---|
| 2026-07-31 | 3.06 % | 2026-06-30 | -1.34 %p |
| 2026-06-30 | 4.40 % | 2026-05-31 | 2.46 %p |
| 2026-05-31 | 1.94 % | 2026-04-30 | -0.42 %p |
| 2026-04-30 | 2.36 % | 2026-03-31 | -1.37 %p |
| 2026-03-31 | 3.73 % | 2026-02-28 | 3.63 %p |
| 2026-02-28 | 0.09 % | 2026-01-31 | -4.76 %p |
| 2026-01-31 | 4.85 % | 2025-12-31 | 2.74 %p |
| 2025-12-31 | 2.11 % | 2025-11-30 | 1.41 %p |
| 2025-11-30 | 0.70 % | 2025-10-31 | 4.20 %p |
| 2025-10-31 | -3.50 % | 2025-09-30 | -11.53 %p |
Source: Bank of Korea ECOS
Interpretation guide
Locating the real economy with all-industry production
Korea Industrial Production YoY, from Statistics Korea's month-end Industrial Activity report, compares output across mining and manufacturing, services, construction, and public administration with the same month a year earlier, excluding agriculture and fishing. Unlike sentiment or financial gauges, it measures what was actually produced, serving as the fact-check in any business-cycle debate.
Manufacturing and services tell different stories
Beneath the headline, mining-and-manufacturing output tracks exports and the factory cycle while services output follows domestic demand. When the two diverge, the composite falls into an averaging trap, making the sector split essential reading.
- Match manufacturing output against Korea Exports YoY; large gaps hint at inventory adjustment.
- Read services output with Korea Retail Sales YoY to take the real temperature of domestic demand.
- Semiconductors carry heavy weight, so check whether sharp factory-output swings are a one-sector effect.
Placing the cycle with inventories and shipments
The same report carries manufacturing inventory and shipment data, a classic toolkit for locating the cycle. Rising shipments with falling inventories mark demand outpacing supply in a recovery; falling shipments with building inventories mark a slowdown.
- Treat a peak and rollover in the inventory-to-shipment ratio as an early manufacturing recovery signal.
- Confirm that production gains come with shipment gains to separate demand-pull from push production.
- Falling inventories mean opposite things depending on whether cuts or strong sales caused them, so always pair with shipments.
Practical cautions
Higher-frequency than GDP, this series helps preview quarterly growth, but it is volatile month to month and frequently revised. Consistency with the trend and with other indicators should outweigh any single month's surprise.
- Holiday timing and working days distort certain months, so read seasonally adjusted MoM alongside raw YoY.
- Track whether production confirms the direction shown by the Korea Leading Cycle Index.
- Strong output against a persistently weak Korea All-Industry Business Outlook BSI suggests firms doubt its durability.