#IndustryNews
Manufacturing PMI Rises to 52.6% in January Even as Wood & Furniture Production Contracts
Manufacturing activity rebounded strongly as the PMI rose to 52.6, signaling expansion for the first time in months. However, wood products and furniture manufacturing remain under pressure, highlighting an uneven recovery across the industry despite improving demand, production, and new orders in other sectors.
South Korea’s Fair Trade Commission Fines 48 Furniture Companies Over Bid Collusion in Built-In Furniture Contracts
The Korea Fair Trade Commission (FTC) has imposed 25 billion won (≈ US$17.4 million) in fines on 48 South Korean furniture firms for coordinating bids on built-in furniture contracts over nearly a decade, in a major antitrust enforcement action aimed at restoring fair competition in an industry critical to housing construction.
