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.

South Korea Manufacturing PMI
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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 [+]


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 September of 2019.

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




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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