South Korea February factory activity shrinks for eighth month

SEOULĀ  – South Korea’s factory activity contracted for an eighth month in February, a survey showed on Thursday, highlighting weak domestic and global economic conditions even though the downturn in output and orders eased slightly. The S&P Global’s seasonally adjusted purchasing managers’ index (PMI) for South Korean manufacturers stood at 48.5 in January, unchanged from … Continue reading South Korea February factory activity shrinks for eighth month