The Nikkei South Korea Manufacturing PMI was down to 48.3 in January of 2019 from 49.8 in the prior month and marking the third straight month of contraction in factory activity. Output declined the most since July 2018 and new orders fell at a steeper rate. Also, new export orders shrank for the sixth straight month, with sales declining to clients in China, Japan and Germany. In addition, firms cut work forces amid company-wide restructuring and the non-replacement of voluntary leavers. On the price front, purchasing costs declined for the first time in 18 months, mainly due to lower cost of oil, metal and chemicals and output and output prices fell in an attempt to stimulate demand. Looking ahead, manufacturers maintained optimism, however the level of confidence was among the weakest ever recorded amid mounting concern towards the wider-economic outlook. Manufacturing PMI in South Korea is reported by Markit Economics.

Manufacturing PMI in South Korea is expected to be 51.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in South Korea to stand at 51.40 in 12 months time. In the long-term, the South Korea Manufacturing PMI is projected to trend around 49.70 in 2020, according to our econometric models.

South Korea Manufacturing PMI
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South Korea Business Last Previous Highest Lowest Unit
Business Confidence 67.00 71.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.30 49.80 52.60 45.70 [+]
Industrial Production 1.60 1.10 39.40 -25.40 percent [+]
Industrial Production Mom -1.40 -1.60 10.50 -10.70 percent [+]
Manufacturing Production 2.00 1.30 40.80 -26.60 percent [+]
Capacity Utilization 102.70 102.50 104.60 3.80 Index Points [+]
New Orders 8787486.00 6427427.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 1731.70 -1354.20 13533.70 -15359.30 KRW Billion [+]
Bankruptcies 39.00 47.00 3377.00 26.00 Companies [+]
Car Registrations 135108.00 118994.00 155971.00 49944.00 [+]
Leading Economic Index 113.70 113.50 113.70 4.40 Index Points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Steel Production 6162.32 5928.09 6405.68 650.00 Thousand Tonnes [+]
Mining Production 6.50 5.60 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 24400.07 23615.32 24724.60 13859.99 Gigawatt-hour [+]
Car Production 4114913.00 4228509.00 4657094.00 1954494.00 [+]
Coincident Index 109.50 109.30 109.50 4.30 Index Points [+]
Competitiveness Index 78.84 78.03 78.84 4.93 Points [+]
Competitiveness Rank 15.00 17.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]


South Korea Manufacturing PMI

The Nikkei South Korea Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - South Korea Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.30 49.80 52.60 45.70 2011 - 2019 Monthly




Country Last Previous
Australia 52.50 Jan/19
Brazil 52.70 Jan/19
Canada 53.00 Jan/19
China 48.30 Jan/19
Euro Area 50.50 Jan/19
France 51.20 Jan/19
Germany 49.70 Jan/19
India 53.90 Jan/19
Indonesia 49.90 Jan/19
Italy 47.80 Jan/19
Japan 50.30 Jan/19
Mexico 50.90 Jan/19
Netherlands 55.10 Jan/19
Russia 50.90 Feb/19
Saudi Arabia 56.20 Jan/19
Singapore 50.70 Jan/19
South Africa 49.90 Jan/19
South Korea 48.30 Jan/19
Spain 52.40 Jan/19
Switzerland 54.30 Jan/19
Turkey 44.20 Jan/19
United Kingdom 52.80 Jan/19
United States 54.90 Jan/19


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