Korea skyline

Korea PMI November 2020

Korea: Manufacturing PMI improves in November

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 52.9 in November from October’s 51.2, marking the highest reading since February 2011 and remaining above the 50-threshold that separates an improvement from a deterioration in the manufacturing sector over the previous month.

The reading was led by faster rises in output and new orders, with the former increasing at the fastest pace since April 2013, supported by improved activity both internally and externally. Moreover, employment stabilized in November after an 18-month streak of declines. On the price front, input costs continued to rise, with firms partially offsetting the impact through higher output prices.

On November’s result, Usamah Bhatti, economist at IHS Markit, commented:“November data provided a further signal that the South Korean manufacturing sector continued to recover well following earlier Covid-19 related disruption.”On the outlook, he added:“South Korean manufacturers reported a significantly optimistic outlook for activity over the coming 12 months.”

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