South Korean Manufacturing Slows Contraction in September but Remains Weak

South Korean factory activity contracted for 15th straight month in September, but at slowest pace in 15 months per PMI data.

Output and new orders declined again but at a slower rate compared to previous month.

Exports dropped sharply, reflecting weak demand from major markets like China, Japan, and the U.S.

Input prices rose at fastest pace in 8 months due to higher raw material, oil, electricity costs and currency weakness.

Manufacturing employment grew at fastest rate since May 2013 as firms filled vacancies ahead of expected demand recovery.