Financial News: South Korea Manufacturing PMI Falls To 47.5 -

South Korea Manufacturing PMI Falls To 47.5 - S&P Global

05/01/2025 - 20:37:00 (RTTNews)

(RTTNews) - The manufacturing sector in South Korea continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 47.5.

That's down from 49.1 in March, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

There was a steeper decrease in production levels in April, with output falling solidly at the start of the second quarter. Production declined for the second month in a row, with firms often citing falling new orders and the impact of US trade policy as the main reasons behind the decrease.

Consequently, manufacturers reported a renewed contraction in incoming business, commonly linked to a subdued domestic economy and the introduction of US tariffs.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May (13 hr(s), 30 min(s), 17 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month ...Full Story»

U.S. Import, Export Prices Unexpectedly Inch Higher In April (13 hr(s), 33 min(s), 17 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday unexpectedly showing modest increases ...Full Story»

U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply (13 hr(s), 37 min(s), 17 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing a rebound by new res ...Full Story»

Eurozone Trade Surplus Surges On Exports To US (14 hr(s), 23 min(s), 17 sec(s) ago)
(RTTNews) - The euro area trade surplus grew strongly in March as exports to the U.S increased sha ...Full Story»

U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April (15 hr(s), 09 min(s), 17 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday unexpectedly showing modest increases ...Full Story»

U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply (15 hr(s), 16 min(s), 17 sec(s) ago)
(RTTNews) - While the Commerce Department released a report on Friday showing a rebound by new res ...Full Story»

Hong Kong Q1 GDP Growth Confirmed At 3.1% (16 hr(s), 47 min(s), 17 sec(s) ago)
(RTTNews) - Hong Kong's economy expanded at an accelerated pace as initially estimated in th ...Full Story»

Italy Trade Surplus Shrinks In March (17 hr(s), 13 min(s), 17 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in March from a year ago as imports grew f ...Full Story»