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South Korea factory activity sees fastest growth in 26 months on rising demand

By The Straits Times

1 Jul 2024

SEOUL - South Korea’s factory activity growth quickened in June to the fastest in 26 months, as new orders jumped on improving global demand, a private sector survey showed on July 1.

The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P Global, rose to 52 in June, from 51.6 in May, on a seasonally adjusted basis.

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