The IHS Markit South Korea Manufacturing PMI declined to 48.0 in September 2019 from 49.0 in the previous month and below market expectations of 48.1. The reading pointed to the fifth straight month of contraction in factory activity, as output fell further amid sluggishness in the domestic economy. Also, new sales dropped for the eleventh successive month while export orders stabilised as falling sales to clients in Europe, Japan and China, was offset by the entrance into new foreign markets. Additionally, the rate of job shedding accelerated to a 16-month high. Buying activity was trimmed amid weaker inflows of new work and stocks of purchases went down. On the price front, input costs increased as imported materials prices rose due to weakness in the won while output charges fell for the ninth time in the past ten months due to efforts to stimulate demand. Lastly, sentiment was subdued amid domestic challenging conditions and expectations of a global trade slowdown. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 48.60 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
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South Korea Business Last Previous Highest Lowest Unit
Business Confidence 71.00 68.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.00 49.00 52.60 45.70 [+]
Industrial Production -2.90 0.60 38.90 -25.30 percent [+]
Industrial Production Mom -1.40 2.80 11.00 -11.00 percent [+]
Manufacturing Production -3.00 1.00 41.60 -26.70 percent [+]
Capacity Utilization 101.30 101.60 104.60 3.80 Index Points [+]
New Orders 5914673.00 6482950.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 7107.20 6511.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 25.00 44.00 3377.00 25.00 Companies [+]
Car Registrations 120147.00 114012.00 155971.00 49944.00 [+]
Leading Economic Index 114.90 114.50 114.90 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 5940.66 6040.85 6405.68 650.00 Thousand Tonnes [+]
Mining Production -2.90 -4.90 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 24255.21 23513.68 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.20 110.70 111.20 4.30 Index Points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.00 49.00 52.60 45.70 2011 - 2019 Monthly




Country Last Previous
Australia 54.70 Sep/19
Brazil 53.40 Sep/19
Canada 51.00 Sep/19
China 51.40 Sep/19
Euro Area 45.70 Sep/19
France 50.10 Sep/19
Germany 41.70 Sep/19
India 51.40 Sep/19
Indonesia 49.10 Sep/19
Italy 47.80 Sep/19
Japan 48.90 Sep/19
Mexico 49.10 Sep/19
Netherlands 51.60 Sep/19
Russia 46.30 Sep/19
Saudi Arabia 57.30 Sep/19
Singapore 49.50 Sep/19
South Africa 41.60 Sep/19
South Korea 48.00 Sep/19
Spain 47.70 Sep/19
Switzerland 44.60 Sep/19
Turkey 50.00 Sep/19
United Kingdom 48.30 Sep/19
United States 51.10 Sep/19


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