{"id":45341,"date":"2026-04-23T10:23:12","date_gmt":"2026-04-23T10:23:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%8f%85%ec%9d%bc-4%ec%9b%94-hcob-%ec%a2%85%ed%95%a9-pmi-%ec%98%88%ec%83%81%ec%b9%98-%ed%95%98%ed%9a%8c48-3%ec%9c%bc%eb%a1%9c-%ed%95%98%eb%9d%bd%ec%a0%84%eb%a7%9d-51-1\/"},"modified":"2026-04-23T10:23:12","modified_gmt":"2026-04-23T10:23:12","slug":"%eb%8f%85%ec%9d%bc-4%ec%9b%94-hcob-%ec%a2%85%ed%95%a9-pmi-%ec%98%88%ec%83%81%ec%b9%98-%ed%95%98%ed%9a%8c48-3%ec%9c%bc%eb%a1%9c-%ed%95%98%eb%9d%bd%ec%a0%84%eb%a7%9d-51-1","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%8f%85%ec%9d%bc-4%ec%9b%94-hcob-%ec%a2%85%ed%95%a9-pmi-%ec%98%88%ec%83%81%ec%b9%98-%ed%95%98%ed%9a%8c48-3%ec%9c%bc%eb%a1%9c-%ed%95%98%eb%9d%bd%ec%a0%84%eb%a7%9d-51-1\/","title":{"rendered":"\ub3c5\uc77c 4\uc6d4 HCOB \uc885\ud569 PMI, \uc608\uc0c1\uce58 \ud558\ud68c\u202648.3\uc73c\ub85c \ud558\ub77d(\uc804\ub9dd 51.1)"},"content":{"rendered":"<p>\ub3c5\uc77c\uc758 4\uc6d4 HCOB \uc885\ud569 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218)\uac00 \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub97c \ubc11\ub3cc\uc558\ub2e4. \uc804\ub9dd\uce58\ub294 51.1\uc774\uc5c8\ub2e4.<\/p>\n<p>\uc2e4\uc81c \uc218\uce58\ub294 48.3\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4. \uc774\ub294 \uacbd\uae30 \ud655\uc7a5\uacfc \uc704\ucd95\uc744 \uac00\ub974\ub294 \uae30\uc900\uc120\uc778 50.0\uc744 \ud558\ud68c\ud55c \uac83\uc774\ub2e4.<\/p>\n<h3>\ub3c5\uc77c PMI \ucda9\uaca9\uacfc \uc2dc\uc7a5 \uc2e0\ud638<\/h3>\n<p>\ub3c5\uc77c\uc758 4\uc6d4 \uc885\ud569 PMI\ub294 \uc608\uc0c1(51.1\u00b7\uc18c\ud3ed \uc131\uc7a5)\uacfc \ub2ec\ub9ac 48.3(\uc704\ucd95)\uc73c\ub85c \uae09\ub77d\ud574 \ucda9\uaca9\uc744 \uc92c\ub2e4. PMI\ub294 \uae30\uc5c5 \uad6c\ub9e4 \ub2f4\ub2f9\uc790 \uc124\ubb38\uc744 \ubc14\ud0d5\uc73c\ub85c \uacbd\uae30 \ud750\ub984\uc744 \ubbf8\ub9ac \ubcf4\uc5ec\uc8fc\ub294 \u2018\uc120\ud589 \uc9c0\ud45c\u2019\ub85c, 50 \uc544\ub798\ub294 \uc804\ubc18\uc801\uc73c\ub85c \uacbd\uae30\uac00 \uc904\uc5b4\ub4dc\ub294 \uad6d\uba74\uc744 \ub73b\ud55c\ub2e4. \uc774\ubc88 \uc218\uce58\ub294 \uc720\ub7fd \ucd5c\ub300 \uacbd\uc81c\uac00 \ud754\ub4e4\ub9ac\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud558\uba70, 2025\ub144 \ub9d0\ubd80\ud130 \ud615\uc131\ub418\ub358 \u2018\uc548\uc815\uc801 \ud68c\ubcf5\u2019 \uae30\ub300\uc5d0 \uc81c\ub3d9\uc744 \uac74\ub2e4. \ud22c\uc790\uc790 \uc785\uc7a5\uc5d0\uc11c\ub294 \uc720\ub7fd \uc790\uc0b0 \uc804\ubc18\uc5d0\uc11c \ud558\ub77d \uc704\ud5d8(\uac00\uaca9\uc774 \ub5a8\uc5b4\uc9c8 \uc704\ud5d8)\uc5d0 \ub300\ube44\ud558\ub77c\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub41c\ub2e4.<\/p>\n<p>\uc804\ub7b5\uc73c\ub85c\ub294 \ub3c5\uc77c \uc8fc\uac00\uc9c0\uc218 DAX\uc5d0 \ub300\ud574 \ud48b\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\ub85c, \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\uac70\ub098 \uc190\uc2e4\uc744 \ubc29\uc5b4\ud558\ub294 \uc218\ub2e8) \ub9e4\uc218, \ub610\ub294 DAX \uc120\ubb3c(\ubbf8\ub798 \uc2dc\uc810\uc5d0 \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c \uac70\ub798\ud558\ub294 \uacc4\uc57d) \ub9e4\ub3c4(\uc1fc\ud2b8)\uac00 \uac70\ub860\ub41c\ub2e4. PMI\uac00 \uc2dc\uc0ac\ud558\ub294 \uacbd\uae30 \ub454\ud654\ub294 \uae30\uc5c5 \uc774\uc775 \uc804\ub9dd\uc744 \uc555\ubc15\ud560 \uc218 \uc788\uace0, \ud2b9\ud788 \uc81c\uc870\uc5c5\u00b7\uc0b0\uc5c5\uc7ac \ube44\uc911\uc774 \ud070 DAX\uc5d0 \ubd80\ub2f4\uc774 \ub41c\ub2e4. \uc55e\uc11c 2025\ub144 4\ubd84\uae30 \ub3c5\uc77c GDP\uac00 0.2% \uc99d\uac00\uc5d0 \uadf8\uce5c \uc810\uc744 \uace0\ub824\ud558\uba74, \uacbd\uae30 \uae30\ubc18\uc774 \uc774\ubbf8 \uc57d\ud588\ub2e4\ub294 \ud574\uc11d\uc774 \uac00\ub2a5\ud558\ub2e4. (GDP\ub294 \ud55c \ub098\ub77c\uc5d0\uc11c \uc77c\uc815 \uae30\uac04 \uc0dd\uc0b0\ub41c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\uac00\uce58\ub85c, \uc131\uc7a5\ub960\uc774 \ub0ae\uc744\uc218\ub85d \uacbd\uae30 \ubaa8\uba58\ud140\uc774 \uc57d\ud558\ub2e4\ub294 \uc758\ubbf8\ub2e4.)<\/p>\n<p>\ud1b5\ud654 \uce21\uba74\uc5d0\uc11c\ub294 \uc720\ub85c\/\ub2ec\ub7ec\uc5d0\uc11c \uc720\ub85c \uc57d\uc138(\ub2ec\ub7ec \uac15\uc138) \ucabd \ud3ec\uc9c0\uc158\uc774 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub2e4. \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc740 \uacbd\uae30 \ub454\ud654 \uc2dc \uae08\ub9ac\ub97c \ub0b4\ub9ac\uac70\ub098 \uc644\ud654\uc801 \uc815\ucc45\uc73c\ub85c \uae30\uc6b8 \uc218 \uc788\ub294\ub370, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\ub294 \ubbf8\uad6d \ub0b4 \uc5ec\uac74\uc744 \uc6b0\uc120\ud574 \uc815\ucc45 \ubc29\ud5a5\uc774 \uc5c7\uac08\ub9b4 \uc218 \uc788\ub2e4. \uae08\ub9ac \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc774\ubbf8 3\ubd84\uae30\uae4c\uc9c0 ECB\uac00 \uae08\ub9ac\ub97c \uc778\ud558\ud560 \ud655\ub960\uc744 60% \uc218\uc900\uc73c\ub85c \ubc18\uc601\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc9c0\ub09c\uc8fc 15%\uc5d0\uc11c \ud06c\uac8c \ub192\uc544\uc9c4 \uac83\uc774\ub2e4. (\uae08\ub9ac \uc2dc\uc7a5\uc758 \u2018\ud655\ub960 \ubc18\uc601\u2019\uc740 \uae08\ub9ac\uc120\ubb3c\u00b7\uc2a4\uc651 \ub4f1 \ud30c\uc0dd\uc0c1\ud488 \uac00\uaca9\uc5d0\uc11c \ucd94\uc815\ud55c \uc2dc\uc7a5\uc758 \uae30\ub300\ub97c \ub73b\ud55c\ub2e4.)<\/p>\n<p>\ubcc0\ub3d9\uc131(\uac00\uaca9 \ub4f1\ub77d \ud3ed) \ud655\ub300\uac00 \uc608\uc0c1\ub3fc, \ubc29\uc5b4\uc6a9 \ud5e4\uc9c0(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \uac70\ub798)\ub97c \ubbf8\ub9ac \ub9c8\ub828\ud558\ub294 \ube44\uc6a9\uc774 \ud5a5\ud6c4 \ub354 \ube44\uc2f8\uc9c8 \uc218 \uc788\ub2e4. \uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc744 \ub098\ud0c0\ub0b4\ub294 VSTOXX(\uc720\ub85c\uc874 \ub300\ud45c \uc8fc\uac00\uc9c0\uc218 \uc635\uc158 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uacc4\uc0b0\ud55c \u2018\uacf5\ud3ec\uc9c0\uc218\u2019 \uc131\uaca9\uc758 \uc9c0\ud45c)\ub294 \uc774\ubc88 \uc18c\uc2dd\uc5d0 12% \uc774\uc0c1 \ub6f0\uc5c8\uc9c0\ub9cc, 2024\ub144 \uc5d0\ub108\uc9c0 \ubd88\uc548 \ub54c\uc758 \uace0\uc810\ubcf4\ub2e4\ub294 \uc5ec\uc804\ud788 \ub0ae\ub2e4. \uc8fc\uc694 \uc720\ub7fd \uc9c0\uc218\uc5d0\uc11c \ub871 \uc2a4\ud2b8\ub798\ub4e4(\uac19\uc740 \ub9cc\uae30\u00b7\uac19\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \ud070 \ubc29\ud5a5\uc131 \ubcc0\ub3d9\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5)\ub3c4, \uc608\uc0c1\ub418\ub294 \ud070 \uac00\uaca9 \ubcc0\ub3d9\uc5d0\uc11c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc120\ud0dd\uc9c0\uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n<h3>\ubd84\ud2b8\uc640 \uc548\uc804\uc790\uc0b0 \uc120\ud638<\/h3>\n<p>\ucc44\uad8c\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc548\uc804\uc790\uc0b0 \uc120\ud638(\uc704\ud5d8\uc790\uc0b0\uc5d0\uc11c \uc548\uc804\ud55c \uc790\uc0b0\uc73c\ub85c \uc774\ub3d9)\uac00 \uac15\ud654\ub418\uba70 \ub3c5\uc77c \uad6d\ucc44\uc5d0 \uc218\uc694\uac00 \ubab0\ub9b4 \uc218 \uc788\ub2e4. \uc2dc\uc7a5\uc774 ECB\uc758 \uc644\ud654\uc801 \uae30\uc870(\ube44\ub458\uae30\ud30c\u00b7\ub3c4\ube44\uc2dc: \uae08\ub9ac \uc778\ud558 \ub610\ub294 \uc644\ud654 \uc120\ud638)\ub97c \uc608\uc0c1\ud558\uba74 \ubd84\ud2b8(\ub3c5\uc77c \uad6d\ucc44) \uae08\ub9ac\ub294 \ud558\ub77d\ud558\uace0(\uc218\uc775\ub960\u2193), \uac00\uaca9\uc740 \uc0c1\uc2b9\ud558\ub294 \uacbd\ud5a5\uc774 \uc788\ub2e4. \uc720\uc0ac\ud55c \ud750\ub984\uc740 2025\ub144 \ucd08\uc5d0\ub3c4 \ub098\ud0c0\ub0ac\ub294\ub370, \ub2f9\uc2dc \uc608\uc0c1\ubcf4\ub2e4 \uc57d\ud55c \ubb3c\uac00 \uc9c0\ud45c\uac00 \ub098\uc624\uc790 \uc774\ud6c4 \uc57d 2\uc8fc \ub3d9\uc548 \ubd84\ud2b8 \uc120\ubb3c\uc774 \uac15\uc138\ub97c \ubcf4\uc600\ub2e4. (\uc120\ubb3c\uc740 \uae30\ucd08\uc790\uc0b0 \uac00\uaca9 \ubcc0\ud654\ub97c \ub808\ubc84\ub9ac\uc9c0\ub85c \ubc18\uc601\ud574 \ub2e8\uae30\uc801\uc73c\ub85c \ubcc0\ub3d9\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ub3c5\uc77c 4\uc6d4 HCOB \uc885\ud569 PMI 48.3 \u2018\uc1fc\ud06c\u2019\u2026\uc608\uc0c1 51.1 \ubc11\ub3cc\uba70 \ud655\uc7a5\uc120(50) \ud558\ud68c. DAX \ud558\ubc29\ud5e4\uc9c0\u00b7\uc720\ub85c \uc57d\uc138, ECB \uc778\ud558 \uae30\ub300 \ud655\ub300 \uc18d \ubd84\ud2b8 \uac15\uc138\u00b7\ubcc0\ub3d9\uc131 \uc0c1\uc2b9 \uc2e0\ud638.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-45341","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=45341"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45341\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}