South Korea's factory activity contracted at its fastest pace in three mont...
SEOUL - South Korea’s factory activity contracted at its fastest pace in three months in May, a survey showed on Monday, reversing the previous month’s brief expansion, as new orders fell amid an intensifying Sino-U.S. trade dispute, which hurt export demand.
The overall index dropped below the 50-point level that separates growth from contraction, with major sub-components remaining weak. “Given the recent re-escalation of trade tensions between the United States and China, as well as no real signs of the downturn in the global trade cycle bottoming out, South Korean manufacturers are facing extreme difficulties,” said Joe Hayes, an economist at IHS Markit.
The PMI shows South Korean firms are scaling back their future output plans amid the increasing economic challenges.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Huawei launches 5G lab in South Korea, but keeps event low-key after U.S. banHuawei Technologies unveiled an open lab for next-generation 5G wireless network...
और पढो »
Acting Pentagon chief says no need to restore suspended U.S.-South Korea military drillsActing U.S. Defense Secretary Patrick Shanahan said on Sunday that for now it wa...
और पढो »
U.S. may still be Asia's most powerful, but China and North Korea are the biggest winners'Under most scenarios, short of war, the United States is unlikely to halt the narrowing power differential between itself and China,' the Lowy Institute's 2019 Asia Power Index found.
और पढो »
North Korea calls Bolton 'war monger' over missile commentSEOUL, South Korea (AP) — North Korea on Monday called U.S. National Security Adviser John Bolton a 'war monger' and 'human defect' after he described its recent tests of short-range missiles as a...
और पढो »
Trump meets with families of Japanese abducted by N. KoreaFamilies of Japanese people who were abducted by North Korea in the 1970s and '80s thank Pres. Trump for his sympathy and for meeting with them while visiting Japan.
और पढो »
North Korea says John Bolton is a 'defective human product'Harsh words follow Bolton's criticism of Pyongyang missile tests.
और पढो »
The Latest: Trump says North Korea wants strong economyPres. Trump becomes the first world leader to meet the new emperor of Japan as the president and first lady Melania Trump are greeted by Japanese Emperor Naruhito and Empress Masako.
और पढो »
North Korea dubs Bolton's comments 'inordinately ignorant': KCNAU.S. National Security Adviser John Bolton is 'inordinately ignorant' ...
और पढो »