South Korea Manufacturing Sector Bounces To Expansion - S&P Global
(RTTNews) - The manufacturing sector in South Korea swung back up into expansion territory in May, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.6.
That's up from 49.4 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Marked accelerations in growth across the headline PMI's two main components - new orders and output - were principally behind May's rejuvenation, sub-index data showed. Having been broadly stagnant in both March and April, production expanded solidly and at the sharpest pace since July 2021.
Stronger demand was cited as a key contributor to output growth, anecdotal evidence showed. New factory orders likewise picked up noticeably in May, with total sales rising to the quickest extent since February 2022.
South Korea Has $11.12 Billion Current Account Surplus
South Korea Inflation Unchanged On Month In October
South Korea Manufacturing PMI Unchanged At 48.3 - S&P Global
South Korea Has $3.17 Billion Trade Surplus
South Korea Industrial Production Slips 0.2% In September
South Korea GDP Expands 0.1% On Quarter In Q3
South Korea GDP Rises 0.1% In Q3
