
"Economics" South Korea's March S&P Manufacturing PMI rises to 52.6, cost pressures intensify
S&P Global announced that after seasonal adjustment, South Korea's March S&P Manufacturing PMI rose from the previous value of 51.1 to 52.6, indicating a moderate improvement in the manufacturing business environment, the largest increase in over four years.
During this period, output and new orders accelerated, with output growth reaching a 19-month high. Employment showed a recovery in growth, while input cost inflation accelerated to the highest level since June 2022. Factory gate price inflation also accelerated to the highest level since July 2022. Manufacturing companies remain positive about their outlook for the next 12 months, but it has decreased month-on-month to a four-month low
