Preliminary Jibun / S&P Global PMIs from Japan for November 2023.
Manufacturing 48.1, its 6th consecutive month in contraction
- expected 48.8, prior 48.7
- output and new orders fell further
- employment in the sector fell after falling also in October
- muted demand cited
- input price inflation hit a 27 month low but remains elevated – rising raw material, fuel and labour costs as well as a
weak yen all cited
Services 51.7
- prior 51.6
- 51.7 is the second lowest for this for 2023
Composite 50.0
- prior 50.5
more to come
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Earlier today from Japan:
This article was written by Eamonn Sheridan at www.forexlive.com.
