Japan's factory activity continues to fall in October - Breaking The News

Japan's factory activity continues to fall in October

1 November

1 min read

EPA-EFE/ALEX PLAVEVSKI

The manufacturing sector in Japan deteriorated for the fifth consecutive month in October, according to the S&P Global's final report released on Wednesday. The Japanese Jibun Bank Manufacturing PMI Index increased to 48.7, surpassing last month's figure and the estimated value of 48.5. However, it still remains below the neutral 50-point mark.

"Another month of deteriorating operating conditions was signalled by the PMI during October, as depressed industrial demand both at home and abroad weighed on sector performance," Economics Associate at S&P Global Market Intelligence Usamah Bhatti stated.

data manufacturing pmi

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