The performance of the South Korean economy is often cited as a canary on the coal mine.
The canary has been pushing up the daises for quite some time now, the Markit manufacturing PMI adding more bad news:
June comes in at a 4 month low of 47.5
- prior 48.4
Trade war impact, slowing global demand ... the usual suspects.
Some of the report highlights:
- new orders 46.8 (prior 47.1
- new export orders contracting again, 11 months in a row now. for their longest decline ever.
