S.Korea manufacturing growth slows in Oct - survey
Published: 01 Nov 2009 17:28:10 PSTSEOUL, Nov 2 - South Korea's manufacturing sector expanded for an eighth consecutive month in October but the pace slowed, a private survey showed on Monday, adding to investors' doubts about the sustainability of a global recovery.
The HSBC/Markit South Korea manufacturing purchasing managers' index (PMI) fell to a seasonally adjusted 52.5 in October from 52.7 in September. A reading above 50 means the sector's business activity expanded during the month.
A sub-index on new orders received by South Korean manufacturing companies also stood above 50 at a seasonally adjusted 54.6 in October, falling from 54.9 in September, Makit Economics Ltd said in a report.
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