The manufacturing sector in South Korea continued to contact, and at a faster rate, the latest survey from Markit Economics revealed on Thursday with a manufacturing PMI score of 47.3.
That's down fractionally from 47.5 in June, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, domestic and external demand remained fragile, with production cut for the ninth straight month. The fall was strong and despite easing, was only slightly weaker than June's cutback, which was the fastest in four years.
Businesses cast a negative outlook for the first time in survey history.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2140814/
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