Reported 3 days ago
South Korea's manufacturing sector saw a contraction in December, with a purchasing managers index (PMI) dropping to 49.0, indicating a shift to pessimism for the first time since mid-2020. Factors contributing to this decline include uncertainties related to U.S. trade policies and domestic political issues following the impeachment of President Yoon Suk Yeol. This downturn marks the fourth consecutive month of reduced output, reflecting decreased demand both domestically and from export markets.
Source: YAHOO