S.Korea factory activity contracts in March as weak domestic demand drags, PMI shows
By Jihoon Lee SEOUL (Reuters) – South Korea’s manufacturing activity weakened in March as slowing domestic demand offset robust overseas sales, 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, stood at 49.8 in Marchon a seasonally adjusted basis, down from 50.7 in…