South Korea's factory activity rebounded in April helped by a boost in hiri...
SEOUL, May 2 - South Korea’s factory activity rebounded in April helped by a boost in hiring, snapping five months of contraction, a private manufacturing survey showed on Thursday.
The overall index inched above the 50-point level that separates growth from contraction, signaling a possible improvement in the economy, but major sub-components still remained weak, hovering below the neutral point. “Sluggish sales in semiconductor and automobile-related industries were reported by some panelists, while demand from Europe, China and Japan was also reportedly subdued,” said Joe Hayes, an economist at IHS Markit.
Though respondents surveyed forecast improvements in the domestic economy, the sentiment was relatively weak in the historical context, Hayes said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
LG Electronics to shut South Korea phone plant, move production to VietnamLG Electronics to stop producing smartphones in South Korea and move manufacturing to Vietnam by juminism
Weiterlesen »
Hyundai Motor’s U-turn may stutter in South KoreaThe $29 bln automaker's first quarter sparkled, good news after a loss the previous period. New models revved sales despite a slowdown in China and U.S. safety issues. Worsening economic conditions in its home market, however, could put this turnaround into a spin.
Weiterlesen »
Economists downgrade GDP forecasts for South Korea after disappointing first-quarter dataThe Bank of Korea said on Thursday that the South Korean economy likely contracted by 0.3% on a quarterly basis for the January to March period this year.
Weiterlesen »
'Jilted bride': As South Korea marks peace summit, North stays aloofAlong forest trails below a bare mountain peak that until last year was a vantag...
Weiterlesen »
South Korea exports fall for fifth month, memory chip shipments drop 13.5 percentSouth Korea's exports contracted less in April than in the previous month, ...
Weiterlesen »
South Korea opens hiking trails on DMZThe United Nations Command has approved phase one of South Korea's 'Peace Trail' project, which includes plans to open three hiking trails along the DMZ.
Weiterlesen »
Blackstone acquires South Korean pharma wholesaler Geo-Young with co's founderU.S.-based Blackstone Group said on Tuesday it had agreed to acquire South Korea...
Weiterlesen »
K-Pop stardom lures Japanese youth to Korea despite diplomatic chillYuuka Hasumi put high school in Japan on hold and flew to South Korea in Februar...
Weiterlesen »
K-Pop stardom lures Japanese youth to Korea despite diplomatic chillYuuka Hasumi put high school in Japan on hold and flew to South Korea in February to try her chances at becoming a K-pop star, even if that means long hours of vocal and dance training, no privacy, no boyfriend, and even no phone.
Weiterlesen »