Coreia do Sul PMI Industrial

The S&P Global South Korea Manufacturing PMI remained unchanged at 48.3 in October 2024, indicating a contraction for the second consecutive month and the fastest deterioration in operating conditions in 16 months. A significant drop in new orders contributed to the sharpest decline in production levels since June 2023. This overall weakness also prompted a renewed decrease in purchasing activity, marking the first decline since August 2023. Business confidence for the year ahead remains subdued compared to earlier in the year, with increasing evidence of spare capacity leading to a notable reduction in outstanding business. On a positive note, cost pressures continued to ease in October, enabling firms to lower charges for the second month in a row.