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S.Korea Factory Contraction, Optimism Soars
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South Korea's factory activity declined in April as the purchasing managers index dropped, but manufacturers' optimism surged to a two-year high. Despite the contraction, there was modest growth in output and orders. The economy's first-quarter expansion was fueled by domestic consumption and exports, with robust new export orders from China and the Asia-Pacific region.
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How might South Korea sustain its economic growth amid factory activity contraction?
What factors contribute to manufacturers' optimism despite the decline in factory activity?
What implications does the strong new export orders hold for South Korea's future economic performance?
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