South Korea’s September HSBC PMI Rose to 49.7

Following is the September HSBC South Korea Manufacturing PMI as compiled by Markit Economics.

The HSBC South Korea PMI is designed to provide a single figure snap-shot for South Korea’s economy. It is based on a survey of over 400 purchasing executives and is designed to provide the most up-to-date picture of business conditions in the South Korea private sector.

Anything above 50 indicates expansion; below 50, a contraction. The greater the divergence from 50, the greater the rate of change.

                    Sept.   Aug.   July   June    May  April
                     2013   2013   2013   2013   2013   2013
Manufacturing PMI    49.7   47.5   47.2   49.4   51.1   52.6
 MoM Level Change     2.2    0.3   -2.2   -1.7   -1.5    0.6
 3-Month Average     48.1   48.0   49.2   51.0   51.9   51.8
Note 1: The PMI series, which includes South Korea, is one of the 
        most closely watched business surveys in the world. It 
        provides up-to-date, accurate and often unique monthly 
        indicators of economic trends.
Note 2: Month-on-month level change and 3-month average
        calculated by Bloomberg.

Source: HSBC, Markit Economics
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