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South Korea Manufacturing Pmi

Last Release
Aug 2021
Actual
51.2 points
Forecast
N/A
Previous
53 points
Frequency
Monthly
Units In
points
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
55.3 points
Feb 2021
41.3 points
May 2020
49.46 points2011 - 2021Markit Economics
The IHS Markit South Korea Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Latest Updates

The IHS Markit South Korea Manufacturing PMI declined to 51.2 in August 2021 from 53.0 in July. This marked the weakest pace of expansion in factory activity since last October, amid surging infections and raw material shortages. Output declined for the first time in a year, while new orders rose at the softest pace in ten months. Meanwhile, employment continued to increase. However, the rate of job creation was only fractional, with backlogs of work increased for the tenth month in a row, though firms highlighted that some pressure stemmed from the instability of raw material supply. On the price front, input cost inflation eased. As a result, output charged inflation softened. Finally, business sentiment improved, amid hopes on economic recovery from the pandemic would also aid improvements in global supply chains.

South Korea Manufacturing Pmi History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 1, 202100:40South Korea Manufacturing PMI Falls to 10-Month Low
Aug 2, 202100:39South Korea Manufacturing PMI Falls to 7-Month Low

South Korea business Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Bankruptcies
10
Jul 2021
23
Jun 2021
8
Feb 2021
3,377
Feb 1998
CompaniesMonthly1990 - 2021
Changes In Inventories
2,524
Jun 2021
1,266.4
Mar 2021
-9,865.3
Mar 1998
12,981.7
Jun 2011
KRW BillionQuarterly1960 - 2021
Coincident Index
117
Jul 2021
116.9
Jun 2021
4.3
Feb 1970
117
Jul 2021
pointsMonthly1970 - 2021
Competitiveness Index
79.62
Dec 2019
78.84
Dec 2018
4.93
Dec 2011
79.62
Dec 2019
PointsYearly2007 - 2019
Capacity Utilization
104.7
Jul 2021
105
Jun 2021
3.8
Apr 1971
106.1
Dec 2020
pointsMonthly1971 - 2021
Car Production
3,506,774
Dec 2020
3,950,617
Dec 2019
1,954,494
Dec 1998
4,657,094
Dec 2011
Yearly1998 - 2020

Manufacturing Pmi across Asia

Manufacturing Pmi global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
China
49.2
Aug 2021
50.3
Jul 2021
40.3
Feb 2020
54.9
Nov 2020
pointsMonthly2011 - 2021
Hong Kong
53.3
Aug 2021
51.3
Jul 2021
33.1
Feb 2020
53.3
Feb 2014
pointsMonthly2011 - 2021
India
52.3
Aug 2021
55.3
Jul 2021
27.4
Apr 2020
58.9
Oct 2020
pointsMonthly2012 - 2021
Indonesia
43.7
Aug 2021
40.1
Jul 2021
27.5
Apr 2020
58.5
Aug 2013
pointsMonthly2012 - 2021
Japan
52.7
Aug 2021
53
Jul 2021
29.6
Feb 2009
56.2
Jan 2014
pointsMonthly2008 - 2021
Malaysia
43.4
Aug 2021
40.1
Jul 2021
31.3
Apr 2020
53.9
Apr 2021
pointsMonthly2015 - 2021

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