Korea skyline

Korea PMI January 2020

Korea: Manufacturing PMI worsens in January

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) ticked down to 49.8 in January from 50.1 in December, moving slightly below the 50-threshold that separates an improvement from a deterioration in the manufacturing sector over the previous month.

January’s print was driven by a fall in employment and a virtual standstill in production levels. That being said, new export orders increased in January, while business sentiment among Korean manufacturers improved to an almost two-year high, likely due to anticipation of new product launches. On the price front, both input and output prices increased in January.

Commenting on January’s result, Joe Hayes, IHS Markit economist, noted:

“While better export conditions will be a relief, a deteriorating domestic economy will put pressure on the Bank of Korea to inject another round of stimulus.”

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