South Korea Manufacturing PMI Sinks Further In May - IHS Markit
The manufacturing sector in South Korea continued to contract in May, and at a faster rate, the latest survey from IHS Markit revealed on Monday with a manufacturing PMI score of 41.3.
That's down from 41.6 in April, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output continued to slide at an historic rate as the global economy struggles in the grips of the Covid-19 pandemic.
Demand for South Korean goods continued to plummet on further supply chain disruptions.
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.