Korea PMI


Korea: PMI falls back into contraction territory in September

October 1, 2014

The manufacturing Purchasing Managers’ Index (PMI) fell from 50.3 in August to 48.8 in September, according to a release provided by HSBC in collaboration with Markit. The reading came in below the 50-threshold that separates expansion from contraction and represents a return to contraction territory following a slight improvement in August.

The decline in September’s index was mainly due to a deterioration in the order books sub-component. According to HSBC, “new orders fell for the fourth time in five months, recording the fastest rate of decline in three months.” Moreover, new exports orders dropped sharply in September, marking the largest decline since August 2013.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 4.0% in 2014, which is unchanged from last month’s forecast. In 2015, the panel expects growth in fixed investment to moderate to 3.6%.

Author:, Economist

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Korea PMI Chart

Korea PMI September 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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