Economics
South Korea’s Manufacturing Powers Ahead Even as China Slows
- Rising demand, new products boost Korea’s PMI in February
- January industrial output up 7.5%, fastest growth in a year
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South Korea’s manufacturing activity expanded at the fastest pace in more than a decade in February, even as the Lunar New Holiday across Asia cut demand and spurred a slowdown in China.
A report Tuesday from IHS Markit showed a purchasing managers’ index for Korean manufacturing jumped to 55.3 last month, rising further above the 50-threshold that separates expansion and contraction to mark the highest reading since April 2020.