South Korea Factory Activity Expands at Fastest Pace in Two Years

INDEKS MANUFAKTUR - SEOUL. South Korea's factory activity expanded in May at the fastest pace in two years on stronger growth in output and orders thanks to broadening global demand, a private-sector survey showed on Monday.

The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 51.6 in May, from 49.4 in April, on a seasonally adjusted basis.