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Financial News: South Korea Manufacturing PMI Unchanged In March -

South Korea Manufacturing PMI Unchanged In March - Markit

03/31/2021 - 21:50:00 (RTTNews)

(RTTNews) - The manufacturing sector in South Korea continued to expand in March at a steady pace, the latest survey from Markit Economic showed on Thursday with a seasonally adjusted manufacturing PMI score of 55.3.

That's unchanged from the February reading and remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were sustained but sifter rises in output and new orders, while employment levels rose at their fastest pace since May 2013.

There was a survey-record increase in output prices amid supply chain issues.

South Korean goods producers were strongly optimistic regarding the outlook for activity over the coming year. Businesses cited hopes that demand would continue to gain momentum, leading to higher production volumes, particularly for newly launched products.

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