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SOUTH KOREA: PMI Decline to Lowest in More Than a Year.

SOUTH KOREA
  • South Korea’s PMI fell to 48.3 for September.
  • This follows 51.9 in August and the lowest since June 2023.
  • Output component the lowest in 1 year.
  • New orders fell versus August.
  • Following on from this morning’s CPI decline, this puts the next BOK meeting in play for a change in monetary policy. 
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  • South Korea’s PMI fell to 48.3 for September.
  • This follows 51.9 in August and the lowest since June 2023.
  • Output component the lowest in 1 year.
  • New orders fell versus August.
  • Following on from this morning’s CPI decline, this puts the next BOK meeting in play for a change in monetary policy.