South Korea's Manufacturing PMI Edges Up In December

Sponsored Links

Markit Economics reported on Monday that the South Korea HSBC Manufacturing Purchasing Managers' Index stood at 52.8 in December, up from 52.6 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This is the tenth successive month in which manufacturing activity has shown sustained growth.

Manufacturing output continued to rise in December, with the pace of output growth accelerating to a three-month high. The rise in output was driven a solid increase in new orders. The rate of increase in new orders eased slightly however, dampened by a weaker contribution from the export market.

Employment in the manufacturing sector increased at its fastest pace in twenty-three months as companies responded to higher order volumes and output requirements by bolstering staff levels.

Markit Economics reported on Monday that the South Korea HSBC Manufacturing Purchasing Managers' Index stood at 52.8 in December, up from 52.6 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This is the tenth successive month in which manufacturing activity has shown sustained growth. (Market News Provided by RTTNews)