Japan September factory growth hits six-month low
Japan's manufacturing sector expanded at its weakest pace in six months during September. Output and new orders slowed while overseas demand remained firm. Manufacturers stay optimistic regarding the year ahead.
Insights:
Japan's manufacturing sector expanded at its weakest pace in six months in September as output and new order growth slowed. The S&P Global Japan Manufacturing PMI eased to 54.1 from 54.9 in August, marking the ninth consecutive month of expansion. The cooling reflects client inventory adjustments after an earlier period of stock accumulation unwound.
