South Korea Manufacturing PMI

The Nikkei South Korea Manufacturing PMI fell to 48.6 in November 2018 from 51.0 in the preceding month. It marked the first contraction in factory activity since August, as new orders declined at the fastest pace in two yers, with panellists attributing reduced workloads to weaker economic conditions, particularly in the automobile industry. Also, new export orders dropped the most in over five years, while output contracted for the first time since August. At the same time, companies cut staffing level, albeit only fractionally. Meantime, input purchasing was left unchanged since October. On the price front, output prices were raised, but weak demand hampered the extent of the pass-through. Meantime, confidence weakened to a 27-month low as firms showed rising concerns towards the economic outlook. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 50.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in South Korea to stand at 51.30 in 12 months time. In the long-term, the South Korea Manufacturing PMI is projected to trend around 50.90 in 2020, according to our econometric models.

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South Korea Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	73.00	71.00	119.00	35.00	Index Points	[+]
Manufacturing PMI	48.60	51.00	52.60	45.70		[+]
Industrial Production	10.70	-8.40	39.40	-25.40	percent	[+]
Industrial Production Mom	1.00	-2.70	10.50	-10.70	percent	[+]
Manufacturing Production	11.10	-8.90	40.80	-26.60	percent	[+]
Capacity Utilization	102.60	102.50	104.60	3.80	Index Points	[+]
New Orders	6271827.00	9327988.00	14895263.00	93961.00	KRW Million	[+]
Changes in Inventories	-1354.20	179.10	13533.70	-15359.30	KRW Billion	[+]
Bankruptcies	39.00	41.00	3377.00	26.00	Companies	[+]
Car Registrations	131112.00	110234.00	155971.00	49944.00		[+]
Leading Economic Index	113.40	113.40	113.40	4.40	Index Points	[+]
Internet Speed	28553.69	26116.23	29047.94	6992.81	KBps	[+]
IP Addresses	25814048.00	25049894.00	25814048.00	13271570.00	IP	[+]
Mining Production	-16.00	-13.80	43.10	-36.00	percent	[+]
Steel Production	6185.46	5853.02	6405.68	650.00	Thousand Tonnes	[+]
Ease of Doing Business	5.00	4.00	23.00	4.00		[+]
Electricity Production	23308.81	24472.51	24724.60	13859.99	Gigawatt-hour	[+]
Car Production	4114913.00	4228509.00	4657094.00	1954494.00		[+]
Coincident Index	109.20	109.20	109.20	4.30	Index Points	[+]
Competitiveness Index	78.84	78.03	78.84	4.93	Points	[+]
Competitiveness Rank	15.00	17.00	26.00	11.00		[+]
Corruption Index	54.00	53.00	56.00	38.00	Points	[+]
Corruption Rank	51.00	52.00	52.00	27.00		[+]

The Nikkei South Korea Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	48.60	51.00	52.60	45.70	2011 - 2018		Monthly

Country	Last		Previous	Range
Australia	51.30	Nov/18	58.3	63.1 : 30.86
Brazil	52.70	Nov/18	51.1	53.5 : 41.6
Canada	54.90	Nov/18	53.9	57.1 : 47.5
China	50.20	Nov/18	50.1	52.3 : 47.2
Euro Area	51.80	Nov/18	52	60.6 : 33.5
France	50.80	Nov/18	51.2	58.8 : 42.7
Germany	51.80	Nov/18	52.2	63.3 : 32
India	54.00	Nov/18	53.1	55 : 47.9
Indonesia	50.40	Nov/18	50.5	58.5 : 46.4
Italy	48.60	Nov/18	49.2	59 : 48
Japan	52.20	Nov/18	52.9	56.2 : 29.6
Mexico	49.70	Nov/18	50.7	57.1 : 49.2
Netherlands	56.10	Nov/18	57.1	63.4 : 48
Russia	52.60	Nov/18	51.3	54.7 : 47.6
Saudi Arabia	55.20	Nov/18	53.8	61.8 : 51.4
Singapore	51.50	Nov/18	51.9	53.1 : 48.3
South Africa	49.50	Nov/18	42.4	60.87 : 35.09
South Korea	48.60	Nov/18	51	52.6 : 45.7
Spain	52.60	Nov/18	51.8	56.1 : 41.1
Switzerland	57.70	Nov/18	57.4	66.9 : 32.9
Turkey	44.70	Nov/18	44.3	55.7 : 42.7
United Kingdom	53.10	Nov/18	51.1	61.5 : 34.4
United States	55.30	Nov/18	55.7	57.9 : 50.7