South Korea October factory activity shrinks for sixth month as new export orders return to contraction – PMI
SEOUL (Reuters) - South Korea's factory activity contracted for the sixth straight month in October but at a slightly slower pace, a private business survey showed on Friday, as cooling global demand and trade tensions continued to weigh on the export-reliant economy. The Nikkei/Markit purchasing managers' index (PMI) inched up to 48.4 at the beginning of the final quarter, from 48.0 in September, but remained well below the 50-point level that separates contraction from growth on a monthly basis.
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