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Financial News: South Korea Manufacturing Swings To Expansion In April

South Korea Manufacturing Swings To Expansion In April - Nikkei

05/01/2019 - 21:10:00 (RTTNews)

(RTTNews) - The manufacturing sector in South Korea moved back into expansion territory in April, the latest survey from Nikkei revealed on Thursday with a manufacturing PMI score of 50.2.

That's up from 48.8 in March, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there was weaker demand from domestic and external markets, while production levels stabilized as firms allowed their stocks to run down.

Falling sales and rising competition led to further price discounting.

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