South Korea's Manufacturing PMI Edges Up In November

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Tuesday, Markit Economics reported that the South Korea HSBC Manufacturing Purchasing Managers' Index stood at 52.6 in November, up from 52.5 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This is the ninth successive month in which manufacturing activity has shown sustained growth.

Manufacturing output continued to rise in November but the pace of increase in production slowed for a fourth successive month. Nonetheless, output growth remained above the historical average for the series. The rise in output was driven by a robust increase in new orders. However, the rate of increase in new orders eased slightly, dampened by a weaker contribution from the domestic market.

Further, employment in the manufacturing sector increased at its fastest pace in twenty-two months as companies responded to higher order volumes and expectations for future growth.

Tuesday, Markit Economics reported that the South Korea HSBC Manufacturing Purchasing Managers' Index stood at 52.6 in November, up from 52.5 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This is the ninth successive month in which manufacturing activity has shown sustained growth. (Market News Provided by RTTNews)