South Korea's manufacturing outlook has fallen to its lowest in over 18 months

Data from South Korea, its August Manufacturing Business Outlook, comes in at 80

• down from 82 in July
• at 80 it's the lowest since January of 2021
• The non-manufacturing outlook is 81 from 80 in July

South Korea is under the pump from rapidly rising inflation, rapidly rising inflation rates, and a surging USD pummeling the KRW.