• S&P Global South Korea August Manufacturing rises to 51.9 from 51.4 in July.
  • This is the highest print since July 2024 and the fourth month in a row in expansion.
  • Output up to 53.7 from 52.5 for July.
  • New Orders at highest reading since June 2024.
  • Last week’s month on month decline in Industrial Production we believed was primarily driven by temporary factors. This print today underpins that view.
  • The BOK has received criticism from the Government for remaining on hold in their recent decision on interest rates. Today’s number vindicates that decision.

SOUTH KOREA: South Korea PMI Manufacturing Pours Cold Water on Calls for Rate Cuts.

Last updated at:Sep-02 00:40By: Jamie Grant



  • S&P Global South Korea August Manufacturing rises to 51.9 from 51.4 in July.
  • This is the highest print since July 2024 and the fourth month in a row in expansion.
  • Output up to 53.7 from 52.5 for July.
  • New Orders at highest reading since June 2024.
  • Last week’s month on month decline in Industrial Production we believed was primarily driven by temporary factors. This print today underpins that view.
  • The BOK has received criticism from the Government for remaining on hold in their recent decision on interest rates. Today’s number vindicates that decision.

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