Korea skyline

Korea PMI November 2021

Korea: Manufacturing PMI improves in November

The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.9 in November from October’s 50.2. As a result, the index moved further above the 50-threshold, signaling a faster improvement in business conditions compared to the previous month.

The uptick came despite falling output and new orders being broadly stagnant, growing at a meager rate. That said, export orders rose as the Asia/Pacific region showed improving demand. Meanwhile, employment levels fell at the quickest pace in ten months, amid bigger backlogs stoked by material shortages. On the price front, average input costs rose at the fastest clip on record, leading to accelerating prices at the factory gate, as businesses passed the bill on to clients.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen