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Nikkei PMI

South Korea manufacturing PMI lifts to six-month high

TOKYO -- South Korea's manufacturing sector indicated marginal improvement in April, supported by stabilization in output and increased employment.

The Nikkei South Korea Manufacturing Purchasing Managers' Index, or PMI, rose to a six-month high of 50.2 in April from 48.8 in March.  A reading above 50 indicates an expansion while a reading below 50 points to a contraction.

Output Index reached its highest in six months, despite struggles in the automobile and semi-conductor industries.Total new orders continued to decline, due to weak demands from both domestic and external markets.

"Job creation was flattered by hiring to comply with new working-hour regulations, as opposed to supplementing greater demand," according to Joe Hayes, Economist at IHS Markit, which compiles the survey. 

"Some companies resorted to price cuts to drive sales," Hayes added.

(Nikkei)

For more information, visit IHS Markit website. 

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