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OUCH: South Korea PMI Sinks To 47.2, Production And New Orders Fall Sharply
By admin on August 1, 2012
South Korean PMI fell to 47.2 in July.
Last month, the June measure fell to 49.4 from 51.0 in May.
A reading below signals contraction in the industry.
Economists watch Korean economic data extremely closely because it is highly correlated to the economic data that comes out of the emerging markets in mainland Asia.
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