HomeEconomySouth Korea factory activity weakens for third straight month in September -... Economy South Korea factory activity weakens for third straight month in September – PMI By inew October 4, 2022 0 119 views Share FacebookTwitterPinterestWhatsApp SPGI +3.% Add to Watchlist/Remove from Watchlist Add to watchlist Add Location Job added successfully: Please name you Portfolio of holdings type: purchase Sell date: ) quantity: price Point value: Leverage: 1:1 1: 1 : 1: 1: 1: 1: 20211: 1: 09 Committee: 2020 2021 500 500 create new watchlist create 811952 500 Create New Holding Portfolio Add Create811925 + Add another position to close SEOUL (Reuters) – South Korea’s factory activity shrank for a third straight month in September, the most in more than two years, amid global weakness. The biggest rate of demand, a private sector survey showed on Tuesday. S&P Global (NYSE: SPGI ) Purchasing Managers’ Index (PMI) ) declined slightly, seasonally adjusted .3 from September .6 August, the third consecutive month in – Markers that separate expansion and contraction. The index extended losses for a fifth straight month, hitting its lowest level since July 47, indicating the fastest shrinkage months. output contracted for the fifth straight month, the largest since June 200, some companies were also affected The typhoon hit industrial zones in South Korea, according to the survey. sub-indices showed new orders fell for the third straight month and exports fell for the seventh straight month, although the decline Both were lower than the previous month. The semiconductor industry also showed signs of decline as deteriorating demand for commodities dampened the chip industry, the survey noted. Challenges posed by weak demand due to continued easing of supply chain bottlenecks and price pressures. Supplier lead times deteriorated least since January , while input and output prices rose the slowest since the beginning of the year 25. “On the whole, the near-term outlook for South Korea’s manufacturing industry appears bleak,” said S&P Global Market Intelligence Advanced Economics. Home Joe Hayes said. “worldwide External factors such as a weakening economy are bound to challenge commodity producers’ book of order, while also putting pressure on the Korean won — thereby pushing up imported inflation — as the dollar benefits from its safe-haven status.” Manufacturers remain optimistic about output for the coming year, but optimism fell for the fourth straight month to the lowest level since October last year. Share FacebookTwitterPinterestWhatsApp Previous articleAustralian director Robert Connolly on his family adventure 'Blue Back': 'Our goal is to inspire love of the ocean' (Exclusive)Next articleRussia one-way tickets up 27% after mobilization – ForwardKeys inewhttps://inew.news RELATED ARTICLES Economy SNB chief hints at rate hikes to tackle inflation June 10, 2023 Economy Musk says Twitter will pay verified creators to respond to ads June 10, 2023 Economy U.S. House Republicans unveil sweeping tax cut package June 9, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Cardano (ADA) Faces Obstacles In Reaching Key Level In June – Here’s Why June 10, 2023 Udon releases Persona 5: Comic à la Carte Anthology Manga June 10, 2023 Domínguez goes further, hits regular-season career high in RBI June 10, 2023 SNB chief hints at rate hikes to tackle inflation June 10, 2023 Load more Featured NEWS Exclusive $5 Lowest Put Casinos Updated March 30, 2022 Detective Conan: “The Submarine of Black Gold” ranked first in the movie April 18, 2023 Canada's real problem isn't unemployment, it's the rush to retire September 11, 2022 22 Single Earrings That Make Great Gift Ideas for Anyone on Your List (Even Yourself) December 1, 2022 Load more
