Photo: Markit, HSBC
The May South Korea HSBC PMI fell to 51.0, the fourth consecutive decline.Key points
- Factory output rises at slowest rate in current four-month period of growth
- Jobs growth remains marginal
- Output charges down at fastest rate in over three years
Growth of South Korean manufacturing output lost momentum in May, slipping to the weakest in the current four-month period of expansion. New order growth held up relatively well in comparison, with the latest increase only slightly weaker than in April. Meanwhile, goods producers added to their staff numbers on average, although the rate of job creation remained marginal. On the price front, output charges decreased to the greatest extent in more than three years, while input cost inflation eased to a marginal rate.