The Nikkei South Korea Manufacturing PMI dropped to 48.4 in May 2019 from 50.2 in April and compared with market expectations of 49.5. The latest reading pointed to the a contraction in factory activity, as new orders fell further amid weak conditions in both foreign and domestic markets namely in automobile and semiconductor related industries. Also, output went down modestly and the job creation rate declined for the six time in seven months as fewer workloads led some workers to voluntarily resign. Additionally, purchasing activity stagnated after increasing in the two previous months while backlogs of works contracted for the ninth month in a row but at a slower pace. On the price front, input prices continued to rise solidly, while output charges fell for the sixth straight month, with the rate of deflation picking up since April. Lastly, sentiment dropped to a 33-month low mainly due to concerns towards key export markets, automobile and semiconductor industries. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 48.90 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in South Korea to stand at 50.20 in 12 months time. In the long-term, the South Korea Manufacturing PMI is projected to trend around 49.70 in 2020, according to our econometric models.

South Korea Manufacturing PMI
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South Korea Business Last Previous Highest Lowest Unit
Business Confidence 75.00 76.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.40 50.20 52.60 45.70 [+]
Industrial Production -0.10 -2.30 39.40 -25.40 percent [+]
Industrial Production Mom 1.60 2.10 10.50 -10.80 percent [+]
Manufacturing Production -0.20 -2.90 40.80 -26.60 percent [+]
Capacity Utilization 101.40 101.60 104.60 3.80 Index Points [+]
New Orders 6262325.00 6746865.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 6511.70 4887.10 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 49.00 40.00 3377.00 26.00 Companies [+]
Car Registrations 128434.00 130093.00 155971.00 49944.00 [+]
Leading Economic Index 114.20 113.70 114.20 4.40 Index Points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Steel Production 5977.91 6266.42 6405.68 650.00 Thousand Tonnes [+]
Mining Production -5.90 -5.30 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 23317.47 23788.46 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 110.10 109.80 110.10 4.30 Index Points [+]
Competitiveness Index 78.84 78.03 78.84 4.93 Points [+]
Competitiveness Rank 15.00 17.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]


South Korea Manufacturing PMI

The Nikkei South Korea Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - South Korea Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.40 50.20 52.60 45.70 2011 - 2019 Monthly




Country Last Previous
Australia 52.70 May/19
Brazil 50.20 May/19
Canada 49.10 May/19
China 50.20 May/19
Euro Area 47.80 Jun/19
France 52.00 Jun/19
Germany 45.40 Jun/19
India 52.70 May/19
Indonesia 51.60 May/19
Italy 49.70 May/19
Japan 49.50 Jun/19
Mexico 50.00 May/19
Netherlands 52.20 May/19
Russia 49.80 May/19
Saudi Arabia 57.30 May/19
Singapore 49.90 May/19
South Africa 45.40 May/19
South Korea 48.40 May/19
Spain 50.10 May/19
Switzerland 48.60 May/19
Turkey 45.30 May/19
United Kingdom 49.40 May/19
United States 50.10 Jun/19


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