South Korea Industrial Output Unexpectedly Falls

EthereumCraftsman · 2026-03-03T23:25:18+00:00

South Korea's industrial production fell 1.9% in January 2026, reversing December's gains due to declines in construction and manufacturing, despite increases in private consumption and investment. Year-on-year, output rose 7.1%, surpassing expectations.

EthereumCraftsman

2026-03-03 23:25:18

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South Korea’s industrial production declined 1.9% month-on-month in January 2026, reversing a 1.5% increase in December and surprising markets that had expected a 0.5% rise. The contraction was largely driven by weaker construction and manufacturing activity, which fell 11.3% and 2.1%, respectively. By contrast, private consumption and facility investment posted gains. The weaker-than-expected data cloud the outlook for the country’s economic momentum and underscore ongoing headwinds in the manufacturing sector. On a year-on-year basis, industrial output surged 7.1% in January, accelerating from a 1.4% rise in December and significantly exceeding forecasts of 2.2%.

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