South Korea factory activity shrinks in April, marks longest downturn in 6 years – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global demand conditions that continue to undercut the domestic economic recovery. The S&P Global’s seasonally adjusted purchasing managers’ index (PMI) for South Korean manufacturers stood at 48.1 in April, a slightly better outcome than the six-month low of 47.6 […]