South Korea: Purchasing Managers Index (PMI), manufacturing

* indicates monthly or quarterly data series
 South Korea

Purchasing Managers Index (PMI), manufacturing

 Latest value 51.6
 Reference May 2024
 Measure index points
 Data availability May 2018 - May 2024
 Average 49.72
 Min - Max 41.3 - 55.3
 Source Markit Economics
For that indicator, we provide data for South Korea from May 2018 to May 2024. The average value for South Korea during that period was 49.72 index points with a minimum of 41.3 index points in May 2020 and a maximum of 55.3 index points in February 2021. Click on the following link to see the values of Purchasing Managers Index (PMI), manufacturing around the world.
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* indicates monthly or quarterly data series

Recent values chart
South Korea - Purchasing Managers Index (PMI), manufacturing - recent values

Historical chart
South Korea - Purchasing Managers Index (PMI), manufacturing - historical chart - 2018-2024
Measure: index points
Source: Markit Economics

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Definition: The manufacturing Purchasing Managers Index (PMI) is an indicator of economic health for the manufacturing sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing sector is based on questionnaire responses that cover the following economic variables: output, new orders, new export orders, backlogs of work, output prices, input prices, suppliers’ delivery times, stocks of finished goods, quantity of purchases, stocks of purchases, employment, future output. The manufacturing PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.

 Related indicators Latest value Reference Measure
 Industrial production 3.00 9/2023 percent
 Retail sales 102.40 9/2023 index points
 Retail sales Y-on-Y -2.85 9/2023 percent
 House price index 142.85 Q3/2023 index point
 Real residential property prices Y-on-Y change -10.13 Q3/2023 percent
 Business confidence survey -27.00 9/2023 points
 Consumer confidence survey 0.00 9/2023 points
 Purchasing Managers Index (PMI), manufacturing 49.90 9/2023 index points
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