S.Korea factory activity accelerates in April, cost pressures continue - PMI

South Korea's factory activity accelerated in April, but cost pressures due to the Ukraine crisis and China's strict lockdown measures continued to weigh heavily on manufacturers, a private-sector survey showed on Monday. The S&P Global purchasing managers' index (PMI) rose to 52.1 in April from 51.2 in March, standing above the 50-mark threshold for the 19th straight month that indicates expansion in activity. Manufacturers were seen building input stocks amid ongoing supply chain disruptions and high inflationary pressures, while passing higher costs onto customers. .. read full story

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