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The manufacturing sector in South Korea continued to contract in March, and at a faster rate, the latest survey from IHS Markit revealed on Wednesday with a manufacturing PMI score of 44.2.
That's down from 48.7 in February and it slips further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, production fell sharply due to the Covid-19 outbreak. Demand plummeted as the global pandemic cut into the order books.
Supply chain disruptions intensified and employment tumbled.
