JEQ - Japan's factory activity contracts for the sixth straight month in November

2023-12-01 02:07:02 ET

• The au Jibun Bank Japan Manufacturing PMI was revised higher to 48.3 in November from preliminary estimates of 48.1, however, was lower than October's 48.7, pointing to the sixth straight month of contraction in factory activity.
• The latest reading was the steepest contraction in the manufacturing sector since February.
• Purchasing activity fell the most in nine months, while delivery times lengthened.
• "The performance of the Japanese manufacturing sector remained downbeat midway through the final quarter of 2023. The headline PMI slipped deeper into contraction territory, largely due to quicker deteriorations in output and new order inflows," Usamah Bhatti at S&P Global Market Intelligence said.

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