South Korean Manufacturing Growth Eases in May

Posted on May 31, 2012

  •  PMI Index of 51.0 in May marks a 4th consecutive month of growth;
  • New orders grew moderately during the month;
  • Employment only grew marginally in May as order backlogs have begun to stabilise;
  • Input price inflation moderated during the month while firm reduced their output prices to remain competitive. factory gate prices tumbled at their sharpest rate in 3 years.