\uc720\ub85c\ud654\ub294 \ubaa9\uc694\uc77c \ub2ec\ub7ec\ud654 \ub300\ube44 \uc18c\ud3ed \ud558\ub77d\ud588\uc9c0\ub9cc \ucd5c\uadfc \ub4f1\ub77d \ubc94\uc704 \uc548\uc5d0 \uba38\ubb3c\uba70 1.1615\uc5d0 \uac70\ub798\ub410\ub2e4. \uc720\ub85c\uc874(\uc720\ub85c\ud654\ub97c \uc4f0\ub294 \uad6d\uac00\ub4e4\uc758 \uacbd\uc81c\uad8c) \uacbd\uae30 \uc124\ubb38\uc774 \ubd80\uc9c4\ud574 \uc720\ub85c\ub97c \uc9c0\uc9c0\ud558\uc9c0 \ubabb\ud55c \uac00\uc6b4\ub370, \uc774\ub780\uc774 \ud3ec\ud568\ub41c \ud3c9\ud654 \ud569\uc758\uac00 \uc9c4\uc804\ub410\ub2e4\ub294 \ubcf4\ub3c4\uac00 \ub098\uc624\uba70 \ub2ec\ub7ec \uc218\uc694(\ub2ec\ub7ec\ub97c \uc0ac\ub824\ub294 \uc218\uc694)\ub3c4 \uc81c\ud55c\ub410\ub2e4.<\/p>\n
5\uc6d4 \uc7a0\uc815 HCOB PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5 \uad6c\ub9e4\ub2f4\ub2f9\uc790 \uc124\ubb38\uc744 \ubc14\ud0d5\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 \uc720\ub85c\uc874 \uc11c\ube44\uc2a4\uc5c5\uc774 46.4\ub85c 63\uac1c\uc6d4 \ub9cc\uc758 \ucd5c\uc800\uce58(4\uc6d4 47.6, \uc804\ub9dd 47.7 \ud558\ud68c)\ub97c \uae30\ub85d\ud588\ub2e4. \uc81c\uc870\uc5c5\uc740 52.2\uc5d0\uc11c 51.4\ub85c \ub454\ud654\ud558\uba70(\uc804\ub9dd 51.9 \ud558\ud68c) \uc0c1\uc2b9\uc138\uac00 \uc57d\ud574\uc84c\ub2e4. \ub2e4\ub9cc PMI\ub294 50\uc744 \uae30\uc900\uc73c\ub85c 50 \uc774\uc0c1\uc774\uba74 \uacbd\uae30 \ud655\uc7a5, 50 \ubbf8\ub9cc\uc774\uba74 \uacbd\uae30 \uc704\ucd95\uc744 \uc758\ubbf8\ud55c\ub2e4.<\/p>\n
\ud504\ub791\uc2a4 \uc885\ud569 PMI(\uc81c\uc870\uc5c5+\uc11c\ube44\uc2a4\uc5c5\uc744 \ud569\uce5c \uc9c0\ud45c)\ub294 47.6\uc5d0\uc11c 43.5\ub85c \ub5a8\uc5b4\uc838 66\uac1c\uc6d4 \ub9cc\uc758 \ucd5c\uc800\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \uc81c\uc870\uc5c5\uc740 52.8\uc5d0\uc11c 48.9\ub85c \ud558\ub77d\ud588\uace0, \uc11c\ube44\uc2a4\uc5c5\uc740 46.5\uc5d0\uc11c 42.9\ub85c \ub0b4\ub824\uac14\ub2e4. \ub3c5\uc77c\uc740 \uc81c\uc870\uc5c5\uacfc \uc11c\ube44\uc2a4\uc5c5 \ubaa8\ub450 \uc704\ucd95 \uad6d\uba74(50 \ubbf8\ub9cc)\uc5d0\uc11c \ubc97\uc5b4\ub098\uc9c0 \ubabb\ud588\ub2e4.<\/p>\n
\uc774\ubc88 \uc9c0\ud45c\ub294 \uc5d0\ub108\uc9c0 \ucda9\uaca9(\uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1 \ub4f1\uc73c\ub85c \uacbd\uc81c\uc5d0 \ubd80\ub2f4\uc774 \ucee4\uc9c0\ub294 \uc0c1\ud669) \uc774\ud6c4 \uacbd\uae30 \ud65c\ub3d9\uc774 \uc57d\ud574\uc84c\uc74c\uc744 \uc2dc\uc0ac\ud558\uba70, 2\ubd84\uae30 \uad6d\ub0b4\ucd1d\uc0dd\uc0b0(GDP\u00b7\ud55c \ub098\ub77c\uc5d0\uc11c \uc77c\uc815 \uae30\uac04 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\ud569) \uc131\uc7a5\ub960\uc774 \ub0ae\uc744 \uac00\ub2a5\uc131\uc744 \ub192\uc778\ub2e4. \ub3d9\uc2dc\uc5d0 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 \ub192\uc740 \ubb3c\uac00(\uc778\ud50c\ub808\uc774\uc158\u00b7\uc804\ubc18\uc801\uc778 \ubb3c\uac00 \uc218\uc900 \uc0c1\uc2b9)\uc640 \ub454\ud654\ud558\ub294 \uc131\uc7a5 \uc0ac\uc774\uc5d0\uc11c \uc815\ucc45 \uacb0\uc815\uc744 \ub0b4\ub9ac\uae30 \ub354 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4.<\/p>\n
\ubbf8\uad6d\uc5d0\uc11c\ub294 \ub2ec\ub7ec\uac00 \uc55e\uc11c \uc62c\ub790\uc9c0\ub9cc, \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ubbf8\uad6d \ub300\ud1b5\ub839\uc774 \ubbf8\uad6d\uacfc \uc774\ub780\uc774 \ud3c9\ud654 \ud611\uc0c1 \ucd5c\uc885 \ub2e8\uacc4\uc5d0 \uc788\ub2e4\uace0 \ub9d0\ud55c \ub4a4 \uc0c1\uc2b9\uc138\uac00 \uba48\ucdc4\ub2e4. \uc774\ub294 4\uc6d4 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8\uad6d \uc911\uc559\uc740\ud589) \ud68c\uc758\ub85d\uc774 \ub9e4\ud30c\uc801(\uae08\ub9ac \uc778\uc0c1\uc5d0 \ub354 \ubb34\uac8c\ub97c \ub450\ub294) \ub258\uc559\uc2a4\ub97c \ubcf4\uc774\uba70 \ub2ec\ub7ec\ub97c \uc9c0\uc9c0\ud55c \ud6a8\uacfc\ub97c \uc77c\ubd80 \uc0c1\uc1c4\ud588\ub2e4.<\/p>\n
\ubaa9\uc694\uc77c \ub2a6\uac8c\ub294 5\uc6d4 \ubbf8\uad6d S&P \uae00\ub85c\ubc8c PMI(\ubbfc\uac04 \uae30\uad00\uc774 \ubc1c\ud45c\ud558\ub294 \uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218) \uc7a0\uc815\uce58\uac00 \ubc1c\ud45c\ub420 \uc608\uc815\uc774\ub2e4. \uc81c\uc870\uc5c5\uc740 \uc18c\ud3ed \ub454\ud654\uac00 \uc608\uc0c1\ub418\uc9c0\ub9cc, \ub450 \ubd80\ubb38 \ubaa8\ub450 \ud655\uc7a5 \uad6d\uba74(50 \uc774\uc0c1)\uc740 \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub41c\ub2e4.<\/p>\n
\uc774 \ubd84\uc11d\uc744 \ub418\uc9da\uc5b4 \ubcf4\uba74 \uc720\ub85c\uc874\uc774 \uacaa\uc5b4\uc628 \uad6c\uc870\uc801(\uc624\ub79c \uae30\uac04 \uc9c0\uc18d\ub418\ub294) \uc5b4\ub824\uc6c0\uc774 \ub4dc\ub7ec\ub09c\ub2e4. \ub2f9\uc2dc EUR\/USD(\uc720\ub85c\/\ub2ec\ub7ec \ud658\uc728)\ub294 1.16 \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub410\ub294\ub370, \ud604\uc7ac\ub294 1.0850 \ubd80\uadfc\uc5d0\uc11c \ubd80\uc9c4\ud558\ub2e4. \uc720\ub7fd\uc758 \uc57d\ud55c \uc131\uc7a5\uacfc \ubbf8\uad6d \uacbd\uc81c\uc758 \uc0c1\ub300\uc801 \uacac\uc870\ud568\uc774 \uc774\ud6c4 \ucd94\uc138\ub97c \uaddc\uc815\ud574\uc654\ub2e4.<\/p>\n
\ud504\ub791\uc2a4 \uc11c\ube44\uc2a4\uc5c5 PMI\uac00 42.9\ub85c \uc704\ucd95\ud588\uace0 \uc720\ub85c\uc874 \uc11c\ube44\uc2a4\uc5c5 PMI\uac00 63\uac1c\uc6d4 \uc800\uc810\uc73c\ub85c \ub0b4\ub824\uac04 \uac83\uc740 \ucd08\uae30 \uacbd\uace0 \uc2e0\ud638\uc600\ub2e4. \ud604\uc7ac \uc0c1\ud669\uc740 \uadf8\ub54c\ub9cc\ud07c \uc2ec\uac01\ud558\uc9c0\ub294 \uc54a\ub2e4. 2026\ub144 5\uc6d4 \ucd5c\uc2e0 \uc720\ub85c\uc874 \uc885\ud569 PMI\ub294 51.5\ub85c \uc18c\ud3ed \ud655\uc7a5 \uad6c\uac04\uc774\uc9c0\ub9cc, \uc5f0\ucd08\ubcf4\ub2e4 \ub0ae\uc544\uc84c\ub2e4. \ud2b9\ud788 \ubbf8\uad6d PMI\uac00 \ub300\uccb4\ub85c \ub354 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\ub294 \uc810\uc774 \uc720\ub85c\ud654\uc758 \uc0c1\uc2b9 \uc5ec\ub825\uc744 \uc81c\ud55c\ud55c\ub2e4.<\/p>\n
\ub2f9\uc2dc ECB\uc758 \uace0\ubbfc\uc740 \uc9c0\uae08\uacfc \uc720\uc0ac\ud558\ub2e4. \uadf8\ub54c\ub294 \uc5d0\ub108\uc9c0 \ucda9\uaca9\uacfc \uc131\uc7a5 \ub454\ud654\ub97c \uc800\uc6b8\uc9c8\ud574\uc57c \ud588\uace0, \ud604\uc7ac\ub294 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ubaa9\ud45c\ub97c \uc6c3\ub3c4\ub294 2.8%\ub85c \uace0\ucc29\ud654(\uc27d\uac8c \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294 \uc0c1\ud0dc)\ub3fc \uc788\uc73c\uba70 2026\ub144 1\ubd84\uae30 GDP \uc131\uc7a5\ub960\ub3c4 0.2%\ub85c \ubbf8\ubbf8\ud574 ECB\uac00 \ud1b5\ud654 \uc644\ud654(\uae08\ub9ac \uc778\ud558 \ub4f1 \uacbd\uae30 \ubd80\uc591 \ubc29\ud5a5\uc758 \uc815\ucc45)\ub97c \uc8fc\uc800\ud558\uace0 \uc788\ub2e4. \uc774\ub7f0 \uc815\ucc45 \uacf5\ubc31(\uacb0\uc815\uc744 \uc27d\uac8c \ubabb \ub0b4\ub9ac\ub294 \uc0c1\ud0dc)\uc740 \ub2e8\uae30\uac04\uc5d0 \uc720\ub85c \uac15\uc138\uac00 \ub098\ud0c0\ub098\uae30 \uc5b4\ub835\ub2e4\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub41c\ub2e4.<\/p>\n
\ubbf8\uad6d\uc5d0\uc11c\ub294 \ub9e4\ud30c\uc801 \uc5f0\uc900 \uae30\uc870\uac00 \uc7a5\uae30 \ud575\uc2ec \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud588\ub2e4. \ub2f9\uc2dc \ud3c9\ud654 \ud611\uc0c1\uc774 \ub2ec\ub7ec \uac15\uc138\ub97c \uc7a0\uc2dc \uba48\ucd94\uac8c \ud588\uc9c0\ub9cc, 2022~2023\ub144\uc5d0 \uac78\uce5c \uacf5\uaca9\uc801\uc778 \uae08\ub9ac \uc778\uc0c1\uc73c\ub85c \uae08\ub9ac \uaca9\ucc28(\ubbf8\uad6d\uacfc \uc720\ub7fd\uc758 \uae08\ub9ac \ucc28\uc774)\uac00 \ub2ec\ub7ec\uc5d0 \uc720\ub9ac\ud558\uac8c \ud655\ub300\ub410\ub2e4. \uc774\ub7f0 \ub2ec\ub7ec\uc758 \uae30\ucd08\uccb4\ub825 \uc6b0\uc704\ub294 \ud604\uc7ac\ub3c4 \uc0c1\ub2f9 \ubd80\ubd84 \ub0a8\uc544 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\uc720\ub85c\ud654, \uc720\ub85c\uc874 PMI \uae09\ub77d\uc5d0 \u2018\ud798\u2019 \ube60\uc84c\ub2e4\u2026\uc11c\ube44\uc2a4\uc5c5 63\uac1c\uc6d4 \ucd5c\uc800\ub85c ECB \ub51c\ub808\ub9c8 \uc2ec\ud654. \ub2e4\ub9cc \ubbf8\u00b7\uc774\ub780 \ud3c9\ud654\ud611\uc0c1 \uc9c4\uc804 \uae30\ub300\uc5d0 \ub2ec\ub7ec \uc218\uc694 \uc81c\ud55c, EUR\/USD 1.1615 \ubc15\uc2a4\uad8c.<\/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-47216","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\/47216","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=47216"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47216\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}