Reported about 1 month ago
Japan's factory activity continued to decline for the fourth consecutive month in October due to reduced demand and poor orders, with the manufacturing purchasing managers' index (PMI) dropping to 49.0. This indicates ongoing contraction as the index remains below the critical 50.0 mark. Both domestic and international orders from key markets like China and the U.S. showed significant decreases, contributing to a broader economic slowdown and lower overall business confidence.
Source: YAHOO