SEOUL: South Korea's factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday (May 2), underlining the weak global demand conditions that continue to undercut the domestic economic recovery. The S&P Global's seasonally adjusted pu
SEOUL: South Korea's factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday , underlining the weak global demand conditions that continue to undercut the domestic economic recovery.
"April PMI data provided further evidence that South Korean manufacturing firms continued to struggle in the face of the current global economic weakness," said economist Usamah Bhatti at S&P Global Market Intelligence. New export orders fell for the 14th month, at a pace only slightly milder than the month before. The survey noted that sluggish demand in key markets such as China, Japan and Europe contributed to the weakness.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea April inflation eases to 14-month low, matches expectationsSEOUL :South Korea's consumer inflation eased for a third consecutive month to a 14-month low in April on an annual basis, data showed on Tuesday, supporting the market's perception that the central bank's policy tightening cycle is over.The consumer price index (CPI) stood 3.7 per cent higher in April than a
Read more »
North Korea vows to bolster ‘military deterrence’ against South Korea, US in response to Washington DeclarationNorth Korean state media also called the US-South Korea state visit “the most hostile, aggressive and provocative trip and a dangerous one for a nuclear war”. Read more at straitstimes.com.
Read more »
North Korea blasts US-South Korea summit deal for escalating tensionSEOUL: North Korea criticised a recent US-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the 'brink of a nuclear war,' state media KCNA said on Monday (May 1). US President Joe Biden and South Korean President Yoon Suk-yeol held a summit
Read more »
North Korea blasts US-South Korea summit deal for escalating tensionSEOUL - North Korea criticised a recent US-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the 'brink of a nuclear war,' state media KCNA said on Monday (May 1). US President Joe Biden and South Korean President Yoon Suk-yeol held a summit last week, during which Biden pledged to give...
Read more »
Japan, South Korea hold first finance leaders' meeting in 7 yearsThe resumption of bilateral financial talks comes ahead of Mr Kishida’s visit to South Korea next week. Read more at straitstimes.com.
Read more »
Japan, South Korea hold first finance leaders' meeting in 7 yearsINCHEON, South Korea: Japan and South Korea held their first bilateral finance leaders' meeting in seven years on Tuesday (May 2), a sign relations between the two are thawing amid shared challenges from geopolitical tensions and slowing economic growth. The resumption of bilateral financial talks comes ah
Read more »