South Korean PMI Slips To 49.9

korea pmi

Photo: Markit

South Korea’s manufacturing PMI fell to 49.9 in January from 50.1 a month ago.Any reading above 50 signals growth in the manufacturing sector.

Here are the key points from Markit:

  • Headline PMI signals little change in manufacturing conditions
  • Output and new orders fall, but staffing levels increase
  • Modest rise in input costs, but output charges cut again

From HSBC’s Ronald Man:

“Korea’s latest manufacturing conditions highlight the country’s dependence on trade. New export orders gained momentum and employment growth rose in anticipation of higher output over the coming months. However, the domestic economy remains weak and policymakers in Seoul will likely maintain an easing stance to keep domestic demand firm until 2H 2013, when export growth recovers meaningfully and generates an export-led recovery.”

Click here for our global scorecard >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

economy moneygame-us