South Korea Manufacturing PMI Improves In November - S&P Global

RTTNews | vor 910 Tagen
South Korea Manufacturing PMI Improves In November - S&P Global

(RTTNews) - The manufacturing sector in South Korea continued to contract in November, albeit at a slower pace, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 49.0.

That's up from 48.2 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

November data was indicative of a seventh consecutive monthly decrease in output at South Korean manufacturing firms. Panel members largely attributed the decline to muted demand conditions, both domestically and internationally.

The rate of reduction, however, was the weakest in the current negative sequence amid reports of the manufacture of new products and an easing in supply chain disruptions. Amid some positive reports of a sustained COVID-19 recovery, manufacturing companies registered the softest reduction in new orders in four months.

read more
Bank Of Korea Cuts Policy Rate By 25 Bps

Bank Of Korea Cuts Policy Rate By 25 Bps

The Bank of Korea lowered its benchmark rate by a quarter-point to mitigate downside pressure on the economy. The monetary policy board, governed by Rhee Chang Yong, unanimously decided to cut the Base Rate by 25 basis points to 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point in February.
RTTNews | vor 13Std 21 Minuten
South Korea GDP Contracts 0.2% In Q1

South Korea GDP Contracts 0.2% In Q1

South Korea's gross domestic product was down a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Bank of Korea said in Thursday's preliminary reading.
RTTNews | vor 35 Tagen