Reported about 11 hours ago
Japan's factory activity has contracted for the fifth consecutive month in November, driven by weak demand linked to concerns over China's economic slowdown and ongoing cost pressures. The au Jibun Bank manufacturing PMI fell to 49.0 from 49.2, remaining below the growth threshold. Output and new orders have continued to shrink, while manufacturers began reducing employment for the first time since February. Despite high input inflation, price growth has slowed, and the services PMI showed modest recovery, indicating a mixed economic landscape.
Source: YAHOO