Activity in South Korea's manufacturing sector increased at a slower rate in May, data from a survey by Markit Economics and HSBC Bank showed Friday.
The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector came in at 51 in May, which was slightly lower than the previous month's reading. A PMI reading above 50 indicates expansion in the sector, while one below suggests decline.
Output in the manufacturing sector expanded at the weakest pace in the current four-month period of expansion. New business received by manufacturing firms grew at a slower pace during the month.
Employment in the sector increased at a marginal rate in May. Output price inflation eased to the greatest extent in more than three years, while input cost inflation eased to a marginal rate.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.