Looking for global growth signs in Korea

<p>Is South Korean manufacturing a good barometer of global demand?</p><p>Scotiabank economists see some bright spots in global manufacturing and particularly in Korean exports.</p><blockquote>From a global perspective, China remains the weak link; however, we do flag the solid rebound in Korean exports (+18% y/y), which tend to be quite cyclical and
are a decent barometer of how global trade is doing. As illustrated below, the bounce in Korean exports points toward a recovery in the world manufacturing
Purchasing Managers' Index (PMI) over the coming months (assuming the historical relationship holds)</blockquote><p>They also note that world manufacturing PMIs are showing some signs of life from low levels. That extends to today's Australian AiG <a href="https://www.forexlive.com/news/australian-january-industrial-manufacturing-index-238-vs-253-prior-20240206/" target="_blank" rel="follow">survey</a>.</p>

This article was written by Adam Button at www.forexlive.com.