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

Eurozone Inflation Steady At 2.2% (47 min(s), 33 sec(s) ago)
(RTTNews) - Eurozone annual inflation remained stable in April, flash data from Eurostat showed on ...Full Story»

Italy Jobless Rate Rises Slightly To 6.0% (01 hr(s), 18 min(s), 33 sec(s) ago)
(RTTNews) - Italy's unemployment rate increased marginally in March from a nearly 18-year low ...Full Story»

Dutch Factory Activity Remains In Contraction (01 hr(s), 35 min(s), 33 sec(s) ago)
(RTTNews) - The Dutch manufacturing sector deteriorated further in April amid a sustained decline ...Full Story»

India Manufacturing Growth Strongest In 10 Months (02 hr(s), 49 min(s), 33 sec(s) ago)
(RTTNews) - India's manufacturing sector expanded at the quickest pace in ten months on the ba ...Full Story»

Australia Retail Sales Rise At Faster Pace (04 hr(s), 08 min(s), 33 sec(s) ago)
(RTTNews) - Australia's retail sales grew at a slightly faster pace in March with higher food- ...Full Story»

Dutch Inflation Rises To 4.1% (04 hr(s), 24 min(s), 33 sec(s) ago)
(RTTNews) - Dutch inflation increased in April to the highest level in four months, flash data fro ...Full Story»

European Economic News Preview: Eurozone Inflation, Unemployment Data Due (05 hr(s), 31 min(s), 33 sec(s) ago)
(RTTNews) - Flash inflation, unemployment and final factory Purchasing Managers' survey result ...Full Story»

Philippines Manufacturing Sector Moves To Expansion - S&P Global (01 min(s), 27 sec(s) ago)
(RTTNews) - The manufacturing sector in the Philippines climbed back up into expansion territory i ...Full Story»