Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Industrial Production MoM fell to -0.7% in April 2026
FMPMonthlyReleased May 2026
South Korea Industrial Production MoM fell to -0.7% in April 2026, released May 2026, down 1.3% from March's 0.6% reading. The reading missed the 0.3% consensus by 1.0%. Industrial Production MoM has now declined for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged 1.27%, vs 1.15% in the prior 3-month window. The reading is in the 38th percentile of the trailing 24-month range.
Latest Release
-0.7
Actual
0.3
Consensus
0.6
Previous
Median Absolute Error
±1.98 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.58
Actual: -0.7
Error: +1.27
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.45 | INDEX | Bullish Hang Seng | → View |
| S&P 500 | ▲ Direct | +0.40 | INDEX | Bullish S&P 500 | → View |
| Nikkei 225 | ▼ Inverse | −0.36 | INDEX | Bearish Nikkei 225 | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Bullish XAU | → 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 -0.7% in May 2026. This missed the market consensus of 0.3% by 1%. The reading fell from the previous value of 0.6%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.12%, ranging from -4% to 5.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.93%, up from the prior three at -0.57%. Volatility over the past year (σ 2.53%) is comparable than the prior year (σ 2.37%). In May readings over the past 3 years, Industrial Production MoM has averaged 0.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.98%.
WHAT TO WATCH NEXT
The next release is scheduled for June 29, 2026. Same-country events in the next 14 days include Consumer Confidence (Jun 22) and Business Confidence (Jun 24).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
SHARE
Industrial Production MoM - KR
Loading chart data...
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 (Apr 2026): actual -0.7 %, consensus 0.3 %. Prior reading (Mar 2026): 0.3 %. Before that (Feb 2026): 5.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Hang Seng (Bullish Hang Seng, r=0.45) — a useful reference for index-focused traders.