Reported 12 months ago
A recent survey by S&P Global revealed that South Korea's factory activity surged in June, reaching its highest level in 26 months due to a significant increase in new orders driven by global demand. The Purchasing Managers Index rose to 52.0, marking the strongest reading since April 2022. The rise in manufacturing output and orders, particularly in the export sector, indicates a positive trend in industrial activity and trade, with demand coming from markets in Asia, North America, and Europe. Despite concerns about inflation and a decrease in future optimism, South Korea's manufacturing sector shows resilience and growth potential.
Source: YAHOO