The manufacturing sector in South Korea climbed into expansion in October, the latest survey from IHS Markit showed on Monday with a manufacturing PMI score of 51.2.
That's up from 49.8 in September and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output rose at its fastest pace in more than seven years, while new orders increased for the first time since January. Business expectations rose to a nine-month high.
A further reduction in employment levels weighed on the overall health of the South Korean manufacturing sector.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
