South Korea’s September HSBC PMI Rose to 49.7Sarina Yoo
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