India, March 31 -- The manufacturing sector in South Korea continued to contract in March, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 49.1.
That's down from 49.9 in February and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
The main driver behind the negative headline figure was a renewed contraction in output in March. Production volumes decreased for the first time in 2025 and at a modest rate overall. In instances where a decrease in output was reported, manufacturers noted challenging domestic economic conditions and rising raw material prices.
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