Japan November Manufacturing PMI Falls To Four-Month Low - Nomura/JMMA

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Sunday, Markit Economics announced that the Nomura/JMMA Japan Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 52.3 in November, down from 54.3 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks a four-month low in the index.

Manufacturing output increased for the sixth straight month in November, albeit at a slower pace. This was largely attributed to a slower increase in new orders, while backlogs of work declined at their fastest pace in three months.

Job shedding in the manufacturing sector eased to its weakest since August last year, with the majority of firms attributing reduced employment levels to an uncertain outlook for demand.

Average input costs faced by Japanese manufacturers fell for the twelfth straight month, while output prices were slashed at their most marked rate in nearly eight years. Respondents blamed increased competition for the fall in selling prices.

Sunday, Markit Economics announced that the Nomura/JMMA Japan Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 52.3 in November, down from 54.3 in the previous month. A reading above 50 indicates expansion, while one below 50 suggests contraction. This marks a four-month low in the index. (Market News Provided by RTTNews)