South Korea’s industrial production grew 0.3% month-on-month in March 2026, easing sharply from a downwardly revised 5.3% increase in February but slightly exceeding market expectations for a 0.2% rise. The growth in output was supported by a 0.3% expansion in manufacturing. Services activity also rose 1.4%, while the construction sector and public administration contracted by 7.3% and 3.3%, respectively. On a year-on-year basis, industrial output rose 3.6% in March, rebounding from an upwardly revised 2.3% decline in February but falling short of forecasts for a 3.8% increase.