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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Industrial Production MoM fell to 0.2% in July 2026
FMPMonthlyReleased August 2026
South Korea Industrial Production MoM fell to 0.2% in July 2026, released August 2026, down 6.5% from June's 6.7% reading. The print exceeded the -1.0% consensus by 1.2%. The print is running well below the 12-month average of 0.52%. Over the past 3 months, Industrial Production MoM averaged 1.7%, vs 0.78% in the prior 3-month window. The reading is in the 48th percentile of the trailing 24-month range.
Latest Release
0.2
Actual
-1
Consensus
6.7
Previous
Median Absolute Error
±2.06 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -1.33
Actual: 0.2
Error: -1.52
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| USD/KRW | ▼ Inverse | −0.49 | FOREX | Moves against | → View |
| KOSPI | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.45 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (South Korea) was reported at 0.2% in August 2026. This beat the market consensus of -1% by 1.2%. The reading fell from the previous value of 6.7%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.54%, ranging from -4% to 6.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 1.2%, up from the prior three at 0.93%. Volatility over the past year (σ 3.11%) is higher than the prior year (σ 2.24%). In August readings over the past 3 years, Industrial Production MoM has averaged -1.03%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with USD/KRW, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 2.06%.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026. Same-country events in the next 14 days include Consumer Confidence (Sep 22) and Business Confidence (Sep 28).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Industrial Production MoM - KR
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About Industrial Production MoM — South Korea
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0.2 %, consensus -1 %. Prior reading (Jun 2026): 6.4 %. Before that (May 2026): -3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.50) — a useful reference for index-focused traders.
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