PMI

South Korea factory activity hits 15-month low amid export drop

South Korea’s factory activity saw its steepest decline in 15 months in September due to a drop in overseas demand, marking a slow path to economic recovery. The purchasing managers index (PMI) for manufacturers in Asia’s fourth-largest economy, compiled by S&P Global, dipped to 48.3 in September from 51.9 in August. This index, which distinguishes between expansion and contraction, fell…