South Korea: Purchasing Managers Index (PMI), manufacturing
* indicates monthly or quarterly data series
| South Korea |
Purchasing Managers Index (PMI), manufacturing |
|---|---|
| Latest value | 48.1 |
| Reference | April 2023 |
| Measure | index points |
| Source | Markit Economics |
For that indicator, we provide data for South Korea from May 2018 to April 2023. 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
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Measure: index points
Source: Markit Economics
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.