Korea PMI

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Korea: PMI almost reaches the 50-threshold in December

January 2, 2015

The manufacturing Purchasing Managers’ Index (PMI) rose from 49.0 in November to 49.9 in December, according to a release provided by HSBC in collaboration with Markit. As a result of the improvement, the PMI has almost reached the 50-threshold that separates contraction from expansion.

The increase in December’s index was mainly due to a rise in new orders, which reversed the downward trend exhibited during the three previous months. Conversely, output and new exports fell in December for the ninth consecutive month in a row. Despite the improvement in December’s index, Markit pointed out that, “Korea's PMI readings suggest that economic growth in Q4 2014 will be a touch weaker than the previous quarter. Therefore, we think an accommodative stance by policymakers in Korea is still warranted to support the recovery.”

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.8% in 2015, which is down 0.2 percentage points from last month’s forecast. In 2016, the panel expects growth in fixed investment to moderate to 3.8%.


Author:, Economist

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Korea PMI December 2014

Note: HSBC Korea Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: HSBC and Markit


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