South Korea Manufacturing PMI Unchanged In November - S&P Global

(RTTNews) - The manufacturing sector in South Korea continued to contract in November, and at a steady pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.4.

That's unchanged from the October reading, and it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Production volumes decreased at a stronger rate than in October, albeit only modestly overall. In instances where reductions were reported, manufacturers noted falling new order intakes and challenging domestic economic conditions, particularly in the construction sector.

Meanwhile, total new orders fell at the midpoint of the final quarter, marking the second consecutive month of decline. Firms often cited domestic economic weakness while also noting the impact of tariffs on sales. Manufacturers recorded a sustained reduction in foreign demand, although the rate of decrease was only fractional, having eased from October.