SEOUL : South Korea's factory activity contracted for a seventh straight month in January, a business survey showed on Wednesday, amid weak global demand and soaring COVID-19 infections in China.Still, the pace of contraction was a bit milder than in the previous month, while manufacturers were also seen
SEOUL : South Korea's factory activity contracted for a seventh straight month in January, a business survey showed on Wednesday, amid weak global demand and soaring COVID-19 infections in China.
The 50-mark separates expansion from contraction. Higher levels indicate faster rates of change from a month earlier. Reflecting the fall in new orders, output fell by its sharpest rate in three months and stocks of finished goods rose for the first time in four months, sub-indexes also showed.
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