The IHS Markit South Korea Manufacturing PMI increased to 50.9 in November 2021 from 50.2 in October, indicating of a faster, still marginal improvement in the health of the sector, amid supply chain disruption and material shortages. Output fell for the second straight month, while new order growth broadly stagnated, as demand was affected by supply chain disruption, notably in the automotive sector. Meanwhile, employment shrank at the fastest rate for ten months. At the same time, input buying continued to rise, with the rate of growth reaching a three-month high. Prices data indicated input cost inflation accelerated to the fastest pace on record, due to a sharp rise in prices of raw materials. Also, output cost inflation quickened to a four-month high. Finally, sentiment improved to the highest since August. source: Markit Economics
Manufacturing PMI in South Korea averaged 49.50 points from 2011 until 2021, reaching an all time high of 55.30 points in February of 2021 and a record low of 41.30 points in May of 2020. This page provides the latest reported value for - South Korea Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Manufacturing PMI in South Korea is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Manufacturing PMI is projected to trend around 50.00 points in 2022, according to our econometric models.