South Korea's manufacturing sector contracted at a slower pace in November, data from a survey by Markit Economics and HSBC Bank showed Monday.
The seasonally adjusted purchasing managers' index for the manufacturing sector rose to a five-month high of 48.2 in November from 47.4 in October, but remained below the no-change 50 mark - which separate growth from contraction - for the sixth successive month.
New orders received by South Korean manufacturers decreased for the sixth month in a row, reflecting a difficult economic climate both at home and abroad. In line with the fall in new orders, manufacturing production declined further during the month.
Input price inflation remained muted during the month, with prices rising at the slowest rate in the past three months. In contrast, prices charged continued to fall, reflecting weak underlying demand and specific requests from clients for lower prices.
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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.