The Nikkei South Korea Manufacturing PMI increased to 48.8 in March 2019 from 47.2 in February. The latest reading pointed to the fifth consecutive contraction in factory activity, but the weakest since December. Falling new orders from domestic and overseas markets prompted further cutbacks to output, amid concerns over economic conditions in China and Europe, and a slowdown in domestic growth. Meantime, the rate of job creation fell at the weakest pace in three months. On the price front, input prices accelerated, boosted by higher labour and metal costs while output prices dropped for the forth straight month amid discounts and lower costs for particular inputs. Finally, sentiment was notably weaker than the historical average. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 48.90 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 50.20 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.

South Korea Manufacturing PMI
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South Korea Business Last Previous Highest Lowest Unit
Business Confidence 73.00 69.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.80 47.20 52.60 45.70 [+]
Industrial Production -2.70 -0.20 39.40 -25.40 percent [+]
Industrial Production Mom -2.60 0.20 10.50 -10.80 percent [+]
Manufacturing Production -2.50 0.20 40.80 -26.60 percent [+]
Capacity Utilization 101.70 103.10 104.60 3.80 Index Points [+]
New Orders 6370522.00 6276359.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 1731.70 -1354.20 13533.70 -15359.30 KRW Billion [+]
Bankruptcies 37.00 48.00 3377.00 26.00 Companies [+]
Car Registrations 125916.00 98129.00 155971.00 49944.00 [+]
Leading Economic Index 113.50 113.40 113.70 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 5471.18 6210.58 6405.68 650.00 Thousand Tonnes [+]
Mining Production 6.50 5.60 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 22130.41 25106.16 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4114913.00 4228509.00 4657094.00 1954494.00 [+]
Coincident Index 109.80 110.00 110.00 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 [+]


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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.80 47.20 52.60 45.70 2011 - 2019 Monthly




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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