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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Manufacturing Production YoY climbed to 5.0% in November 2016
FMPMonthlyReleased December 2016
South Korea Manufacturing Production YoY climbed to 5.0% in November 2016, released December 2016, up 6.3% from October's -1.3% reading. The print exceeded the 2.2% consensus by 2.8%. Manufacturing Production YoY has now risen for 3 consecutive months. Over the past 3 months, Manufacturing Production YoY averaged -1.9%, vs 1.7% in the prior 3-month window. Manufacturing Production YoY is now the highest in 37 months.
Latest Release
5
Actual
2.2
Consensus
-1.3
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.50 | FOREX | Bullish KRW | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Bullish KR | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Production YoY (South Korea) was reported at 0.8% in October 2022. The reading fell from the previous value of 1.4%.
WHY IT MATTERS
The trailing three releases averaged 1.03%, down from the prior three at 4.3%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 26) and Exports YoY (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update October 2022.
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Manufacturing Production YoY - KR
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About Manufacturing Production YoY — South Korea
DEFINITION
Manufacturing Production YoY (Year-over-Year) is a financial indicator that measures the change in the total output of goods produced by the manufacturing sector over a 12-month period. This indicator is used to assess the health and growth of the manufacturing industry, which is a key driver of economic activity. A positive YoY growth indicates an increase in production, while a negative YoY growth suggests a decline. This information is valuable for investors, policymakers, and businesses in making informed decisions about the state of the economy and potential investment opportunities.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Sep 2022): actual 0.8 %. Prior reading (Aug 2022): 0.8 %. Before that (Jul 2022): 1.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.