Financial News: South Korea Manufacturing PMI Climbs To 47.7 -

South Korea Manufacturing PMI Climbs To 47.7 - S&P Global

06/01/2025 - 20:41:00 (RTTNews)

(RTTNews) - The manufacturing sector in South Korea continued to contract in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 47.7.

That's up from 47.5 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

There were sharper contractions in the two main components of the headline PMI - output and new orders. Both measures saw quicker reductions in May. New orders fell at the fastest pace since June 2020, and the strongest rate in almost a decade if the COVID-19 pandemic period is excluded. Meanwhile, output fell at the quickest rate in just over two-and-a-half years.

Panel members often mentioned that a stagnant domestic economy and the impact of rising US tariffs had weighed heavily on demand and output in the latest survey period. Concurrently, international demand was also subdued and fell for the second month running, albeit at a softer rate than that seen in April. Respondents particularly mentioned the US as a source of falling new export orders.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Twenty-Year Bond Auction Attracts Strong Demand (12 min(s), 24 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the results of this month's auction ...Full Story»

Denmark Consumer Confidence Weakens Slightly (01 hr(s), 19 min(s), 24 sec(s) ago)
(RTTNews) - Pessimism among Danish consumers worsened increased somewhat in July after a strong de ...Full Story»

U.S. Crude Oil Inventories Fall More Than Expected (02 hr(s), 41 min(s), 24 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended Ju ...Full Story»

U.S. Existing Home Sales Slump To Nine-Month Low In June (02 hr(s), 58 min(s), 24 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed existing ...Full Story»

South Africa Inflation At 4-Month High (06 hr(s), 32 min(s), 24 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story»

Singapore Inflation Steady At 0.8% (09 hr(s), 06 min(s), 24 sec(s) ago)
(RTTNews) - Singapore's consumer prices logged a steady growth in June, official data revealed ...Full Story»

Sri Lanka Central Bank Holds Policy Rate (09 hr(s), 23 min(s), 24 sec(s) ago)
(RTTNews) - Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifyi ...Full Story»

Australia's Leading Index Signals Soft Economic Activity In H2: Westpac (11 hr(s), 05 min(s), 24 sec(s) ago)
(RTTNews) - Australia's leading index signaled soft economic activity through the second half ...Full Story»