The IHS Markit South Korea Manufacturing PMI dropped to 47.3 in July 2019 from 47.5 in June, pointing to the third straight month of contraction in the manufacturing sector. Export sales fell the most since August 2013, despite the roll-out of 5G which is expected to inject some life back into Korea's export-driven electronics industry. Also, overall new business inflows and output continued to contract, while employment, input purchasing and stock levels were all reduced as firms look to trim costs amid downbeat demand forecasts. On the price front, input price inflation fell to the lowest in five months, while output prices were reduced for an eighth successive month. Finally, sentiment turned negative for the first time since the Future Output Index was introduced in 2012, as the recent escalation of tensions between Japan and South Korea weighed on sentiment, as well as forecasts of increased competition from China and global economic weakness. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 49.00 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 49.80 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
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


South Korea Business Last Previous Highest Lowest Unit
Business Confidence 73.00 75.00 119.00 35.00 Index Points [+]
Manufacturing PMI 47.30 47.50 52.60 45.70 [+]
Industrial Production -2.90 0.20 39.40 -25.40 percent [+]
Industrial Production Mom 0.20 -1.30 10.50 -10.80 percent [+]
Manufacturing Production -3.10 0.10 40.80 -26.60 percent [+]
Capacity Utilization 101.30 101.40 104.60 3.80 Index Points [+]
New Orders 7376716.00 7329817.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 7080.30 6511.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 34.00 49.00 3377.00 26.00 Companies [+]
Car Registrations 128915.00 117334.00 155971.00 49944.00 [+]
Leading Economic Index 114.50 114.40 114.50 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 [+]
Mining Production -5.90 -5.30 43.10 -36.00 percent [+]
Steel Production 5958.23 6370.58 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 22681.50 23193.02 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 110.50 110.40 110.50 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
47.30 47.50 52.60 45.70 2011 - 2019 Monthly




Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 46.50 Jul/19
France 49.70 Jul/19
Germany 43.20 Jul/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.40 Jul/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 50.40 Jul/19


Related

Latest