South Korea Manufacturing PMI Improves To 50.7 In September - S&P Global
(RTTNews) - The manufacturing sector in South Korea climbed into expansion territory in September, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 50.7.
That's up from 48.3 in August and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
There were renewed increases in the two main components of the headline PMI - output and new orders. The modest rise in production ended a six-month sequence of decline and was the most marked since August 2024. Meanwhile, new orders expanded for the first time since February, albeit marginally.
Panel members often mentioned that the production and launch of new products had helped to raise output and new business. Notably, September data signaled that foreign demand was supportive of the expansion in total new business. New export orders rose at a modest pace and for the first time in six months amid improving demand from key markets in the Asia-Pacific region.
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