Japan's factory activity down in October - Breaking The News
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Japan's factory activity down in October

Economy
Christian Baha / AC

1 min read

EPA-EFE/DAI KUROKAWA

The manufacturing sector in Japan deteriorated for the fifth consecutive month in October, according to the S&P Global's report released on Tuesday. The Japanese Jibun Bank Flash Manufacturing PMI Index landed below the neutral 50-point threshold, remaining unchanged at 48.5 index points when compared to last month's data to shrink "at the fastest rate in eight months." The Flash Manufacturing Output Index went down to 47.6.

"Firms were also the least upbeat since January, reflecting reduced optimism with regard to future output. Such an outlook was reinforced by other forward-looking indicators from the survey, including the new orders and new export business indices, which both pointed to contractions from September, thereby signaling weaker business activity performance ahead," Economics Associate Director at S&P Global Market Intelligence Jingyi Pan stated.

datamanufacturingpmi
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