HSBC/Markit manufacturing purchasing managers’ index (PMI) for South Korea: 50.3 in August vs. 49.3 in July

HSBC/Markit manufacturing purchasing managers’ index (PMI) for South Korea: 50.3 in August vs. 49.3 in July

• first time since April that the index above the 50
• new export orders sub-index fell to 49.4 (from 49.9 in July) – lowest since May 2014 and below 50 for a fifth consecutive month

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Also:

• Exports in August (-0.1% y/y) fell for the first time on a year-on-year basis since a 1.0 percent fall in May (data from the Ministry of Trade, Industry and Energy)