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Financial News: South Korea Manufacturing PMI Rises To 49.4

South Korea Manufacturing PMI Rises To 49.4

12/01/2019 - 20:20:00 (RTTNews)

(RTTNews) - The manufacturing sector in South Korea continued to contract in November, albeit at a slower pace, the latest survey from IHH revealed on Monday with a manufacturing PMI score of 49.4.

That's up from 48.4 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new product launches alleviated the manufacturing downturn, while new orders fell to a weaker extent than earlier this year.

Employment and prices were cut as the overall business outlook remained murky.

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