FOREX TradingCharts.com

Financial News: Japan Factory PMI Falls To 40-Month Low

Japan Factory PMI Falls To 40-Month Low

10/31/2019 - 23:24:00 (RTTNews)

(RTTNews) - Japan's manufacturing sector moved deeper into contraction in October largely due to a sharp fall in new orders, survey data from IHS Markit showed Friday.

The Jibun Bank Purchasing Managers' Index dropped to 48.4 in October from 48.9 in September. The flash reading was 48.5.

The reading reached its lowest level in nearly three-and-a-half years. A score below 50 indicates contraction.

The fall in sales was partly reflective of the end of last-minute purchases before the sales tax hike, which took effect in October. Total new orders fell the most since May 2016.

With decrease in new work, manufacturers reduced their production. Nonetheless, employment levels increased at the fastest pace in six months.

On the price front, input price inflation remained close to the level seen in September, which was the weakest for almost three years. Firms took advantage of the low cost inflation environment and discounted charges so as to boost sales.

"Although the impact of the typhoon will have temporarily interrupted factory operations in October, panellists reported unfavourable underlying conditions across both domestic and external markets," Joe Hayes, an economist at IHS Markit, said. As such, downside risks to Japan's manufacturing economy are clearly excessive, Hayes added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Much More Than Previously Estimated In November (03 hr(s), 07 min(s), 31 sec(s) ago)
(RTTNews) - With consumers more optimistic about the future than previously estimated, the Univers ...Full Story»

ECB's Lagarde Seeks New Policy Mix (04 hr(s), 46 min(s), 31 sec(s) ago)
(RTTNews) - Eurozone needs a new European policy mix that focuses on boosting public investment to ...Full Story»

German Economy Skirts Recession As Estimated (05 hr(s), 54 min(s), 31 sec(s) ago)
(RTTNews) - The German economy avoided a technical recession in the third quarter, as initially es ...Full Story»

Eurozone Private Sector Logs Subdued Growth (06 hr(s), 17 min(s), 31 sec(s) ago)
(RTTNews) - Euro area private sector grew at a much slower pace in November, indicating spillover ...Full Story»

UK Private Sector Contracts Most Since Mid-2016 (06 hr(s), 43 min(s), 31 sec(s) ago)
(RTTNews) - The UK private sector contracted at the fastest pace in more than two years in Novembe ...Full Story»

Latvia Producer Prices Fall In October (07 hr(s), 01 min(s), 31 sec(s) ago)
(RTTNews) - Latvia producer prices declined in October, led by a sharp fall in prices for the expo ...Full Story»

Taiwan Jobless Rate Eases Further (08 hr(s), 13 min(s), 31 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate dropped for a second consecutive month in October, figu ...Full Story»

Eurozone Private Sector Remains Close To Stagnation (08 hr(s), 47 min(s), 31 sec(s) ago)
(RTTNews) - The euro area private sector remained close to stagnant for a third consecutive month ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Much More Than Previously Estimated In November

11/22/2019 - 10:19 AM (RTTNews)
(RTTNews) - With consumers more optimistic about the future than previously estimated, the Univers ...Full Story>>

ECB's Lagarde Seeks New Policy Mix

11/22/2019 - 08:40 AM (RTTNews)
(RTTNews) - Eurozone needs a new European policy mix that focuses on boosting public investment to ...Full Story>>

German Economy Skirts Recession As Estimated

11/22/2019 - 07:32 AM (RTTNews)
(RTTNews) - The German economy avoided a technical recession in the third quarter, as initially es ...Full Story>>

Eurozone Private Sector Logs Subdued Growth

11/22/2019 - 07:09 AM (RTTNews)
(RTTNews) - Euro area private sector grew at a much slower pace in November, indicating spillover ...Full Story>>

UK Private Sector Contracts Most Since Mid-2016

11/22/2019 - 06:43 AM (RTTNews)
(RTTNews) - The UK private sector contracted at the fastest pace in more than two years in Novembe ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.