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.

South Korea Manufacturing PMI
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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 [+]


South Korea Manufacturing PMI

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
Australia 51.30 Nov/18
Brazil 52.70 Nov/18
Canada 54.90 Nov/18
China 50.20 Nov/18
Euro Area 51.80 Nov/18
France 50.80 Nov/18
Germany 51.80 Nov/18
India 54.00 Nov/18
Indonesia 50.40 Nov/18
Italy 48.60 Nov/18
Japan 52.20 Nov/18
Mexico 49.70 Nov/18
Netherlands 56.10 Nov/18
Russia 52.60 Nov/18
Saudi Arabia 55.20 Nov/18
Singapore 51.50 Nov/18
South Africa 49.50 Nov/18
South Korea 48.60 Nov/18
Spain 52.60 Nov/18
Switzerland 57.70 Nov/18
Turkey 44.70 Nov/18
United Kingdom 53.10 Nov/18
United States 55.30 Nov/18


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