South Korea factory activity expands for third month on output jump, PMI shows
#South Korea #factory activity #PMI #output #chip demand #manufacturing expansion
📌 Key Takeaways
- South Korea's factory activity expanded for the third straight month in February
- Output increased at the fastest rate in one-and-a-half years
- Strong demand for chips was the main driver
- Data comes from a private-sector PMI survey released on March 3
📖 Full Retelling
On Tuesday, March 3, a private-sector Purchasing Managers' Index (PMI) survey revealed that South Korea's factory activity expanded for the third consecutive month in February, driven by the fastest output growth in one-and-a-half years due to strong global chip demand.
🏷️ Themes
Economic Growth, Manufacturing, Technology Sector
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Original Source
SEOUL, March 3 - South Korea’s factory activity expanded for a third straight month in February, as output increased at the fastest pace in one-and-a-half years driven by strong chip demand, a private-sector survey showed on Tuesday.
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