The S&P Global purchasing managers' index for South Korea manufacturers fell to a seasonally-adjusted 48.2 last month from 49.0 in November.
Sub-indexes showed output contracted for an eighth straight month, new orders declined for a sixth month, and new export orders shrank for a 10th month. Meanwhile, suppliers' delivery times were their worst since June, as South Korean truckers went on a strike for the second time in 2022. "Low levels of client demand, on both a domestic and international scale, were central to the latest deterioration."
Source: News Formal (newsformal.com)
the world economy being retired
Seoul and and the rest of the industrial supply chain. You can pump up supply, but demand needs to be there. Days of milk and honey are on hiatus.
Wirklich. 🥶
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