Purchasing Managers Index (PMI), manufacturing in South Korea, May 2018 - May 2021
For that indicator, we provide data for South Korea from May 2018 to May 2021. The average value for South Korea during that period was 49.29 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.
Longer historical series
* indicates monthly or quarterly data series
Measure: index points
Source: Markit Economics
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.