S.Korea factory activity shrinks in April, but optimism about outlook ticks up [Reuters]
S&P Global Inc. (SPGI)
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Source: Reuters
two years as output and orders managed to post marginal growth, a private-sector survey showed on Thursday. The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, fell to 49.4 in April, from 49.8 in March, on a seasonally adjusted basis. It was the second month that the index had dipped below the 50-mark, which separates expansion from contraction, and the lowest reading since August 2023. "While output and new orders returned to fractional growth territory, the headline PMI was weighed down by falling employment and stocks of purchases," said Usamah Bhatti, economist at S&P Global Market Intelligence. "Falling employment, backlogs and inventories suggest that the sector still has some way to go before growth can be sustained." The South Korean economy grew at the fastest pace in more than two years in the first quarter, showed last week, beating all estimates on the back of a pick-up in domestic consumption and robust
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- 4/26/24 - Form IRANNOTICE
- SPGI's page on the SEC website