South Korea Manufacturing PMI Falls To 47.5 - S&P Global

(RTTNews) - The manufacturing sector in South Korea continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 47.5.

That's down from 49.1 in March, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

There was a steeper decrease in production levels in April, with output falling solidly at the start of the second quarter. Production declined for the second month in a row, with firms often citing falling new orders and the impact of US trade policy as the main reasons behind the decrease.

Consequently, manufacturers reported a renewed contraction in incoming business, commonly linked to a subdued domestic economy and the introduction of US tariffs.