Korea skyline

Korea PMI July 2020

Korea: Manufacturing PMI improves slightly in July

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) ticked up to 46.9 in July from 43.4 in June, inching closer to the 50-threshold that separates an improvement from a deterioration in the manufacturing sector over the previous month.

July’s reading was driven by a softer contraction in new orders. Moreover, production fell at a moderated pace in July, partly due to a gradual reopening of factories, especially in the automotive sector. However, despite these improvements, post-production inventories increased at the fastest pace in eleven-and-a-half years, indicating still-subdued demand. Moreover, strains on international supply chains led to delays in the delivery of required input goods. In terms of prices, input costs increased for the first time in several months, although firms continued to lower prices to entice demand. On the labor front, firms continued to cut their headcounts, although at a slightly slower pace.

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