02.12.201900:20:00UTC+00South Korea Manufacturing PMI Rises To 49.4

The manufacturing sector in South Korea continued to contract in November, albeit at a slower pace, the latest survey from IHH revealed on Monday with a manufacturing PMI score of 49.4.

That's up from 48.4 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new product launches alleviated the manufacturing downturn, while new orders fell to a weaker extent than earlier this year.

Employment and prices were cut as the overall business outlook remained murky.