South Korea factory activity slumps into longest downtrend since early 2009 – PMI

SEOUL — South Korea’s factory activity shrank for an 11th consecutive month in May, slumping into its longest downtrend in 14 years, a survey showed on Thursday, as a slowing global economy hit output and orders and ratcheted up pressure on manufacturers. The S&P Global’s seasonally adjusted purchasing managers’ index (PMI) for South Korean manufacturers […]