Japan Factory Growth Hits 7-Month Low
Japan manufacturing growth eased to a seven-month low in October as output and new orders slowed. The flash PMI fell to 53.3, while service sector activity edged higher.
Insights:
Japan manufacturing growth slowed to a seven-month low in October as output and new order expansions eased across the industrial sector. The latest flash S&P Global Japan Manufacturing PMI fell to 53.3 from 54.1 in September. Despite the moderation, the reading remains above the 50.0 threshold separating expansion from contraction.
