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Global Economic News

South Korea Manufacturing Sector Slows In July - Nikkei

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The manufacturing sector in South Korea continued to expand in July, albeit at a slower pace, the latest survey from Nikkei showed on Monday with a manufacturing PMI score of 50.1.

That's down from 50.5 in June, and it remains just barely above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, business conditions stagnated following the improvement in June.

Production was barely higher, although job growth picked up.

Total new business declined, but growth of new export work hit an 18-month high.

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