South Korea Factory Growth Hits 8-Month Low
South Korea factory activity grew at its slowest pace in eight months during October due to weaker output and demand. The purchasing managers index dropped to 51.3 from 53.9 in September.
Insights:
South Korea's factory activity expanded in October at the slowest pace in eight months, dropping to 51.3 from 53.9 in September. The S&P Global PMI reading marks the lowest level since February as output and demand growth decelerated. The slowdown signals moderating momentum for Asia's fourth-largest economy following robust third-quarter growth driven by the global AI chip boom.
