South Korea Manufacturing PMI

The IHS Markit South Korea Manufacturing PMI rose to 49.0 in August 2019 from 47.3 in the previous month, still pointing to a fourth straight month of contraction in factory activity. Output fell at a softer rate, while new orders declined for the tenth successive month, with firms attributing reduced sales to unfavourable global and domestic economic conditions. Also, export sales dropped further, with Germany, China, Japan and parts of Southeast Asia being mentioned as sources of weakness. Also, the rate of job shedding was the fastest in six months as firms opted to cut payroll numbers and not replace voluntary leavers. On the price front, cost pressures continued to build, as firms blamed won depreciation and higher raw material prices on an increase to input costs. Meanwhile, selling prices stabilised following eight successive monthly falls. Lastly, business sentiment returned to positive territory in August. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 49.00 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 49.80 in 12 months time. In the long-term, the South Korea Manufacturing PMI is projected to trend around 49.70 in 2020, according to our econometric models.

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South Korea Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	68.00	73.00	119.00	35.00	Index Points	[+]
Manufacturing PMI	49.00	47.30	52.60	45.70		[+]
Industrial Production	0.60	-2.60	38.90	-25.30	percent	[+]
Industrial Production Mom	2.60	0.10	11.00	-11.00	percent	[+]
Manufacturing Production	0.80	-2.70	41.60	-26.70	percent	[+]
Capacity Utilization	101.60	101.30	104.60	3.80	Index Points	[+]
New Orders	6482950.00	7376716.00	14895263.00	93961.00	KRW Million	[+]
Changes in Inventories	7107.20	6511.70	12981.70	-9865.30	KRW Billion	[+]
Bankruptcies	25.00	44.00	3377.00	25.00	Companies	[+]
Car Registrations	114012.00	128915.00	155971.00	49944.00		[+]
Leading Economic Index	114.50	114.50	114.50	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	[+]
Steel Production	6040.85	5958.23	6405.68	650.00	Thousand Tonnes	[+]
Mining Production	-2.90	-4.90	43.10	-36.00	percent	[+]
Ease of Doing Business	5.00	4.00	23.00	4.00		[+]
Electricity Production	23513.68	22681.50	25106.16	13859.99	Gigawatt-hour	[+]
Car Production	4028834.00	4114913.00	4657094.00	1954494.00		[+]
Coincident Index	110.70	110.50	110.70	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	57.00	54.00	57.00	38.00	Points	[+]
Corruption Rank	45.00	51.00	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 September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	49.00	47.30	52.60	45.70	2011 - 2019		Monthly

Country	Last		Previous	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3