2023-11-24 01:07:04 ET
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The au Jibun Bank Japan Manufacturing PMI declined to 48.1 in November 2023 from 48.7 in the previous month, below market forecasts of 48.8, pointing to the sixth straight month of contraction in factory activity, as output and new orders shrank further, with new orders falling faster.
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The au Jibun Bank Japan Composite PMI fell to 50.0 in October 2023 from a final 50.5 in the prior month, indicating the lowest reading since December 2022, flash data showed.
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Currency: ( USD:JPY )
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More on Japan economy:
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Japan producer prices rise by 0.8% y/y in October, lowest in three years
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Japan factory activity steady and service PMI growth slows in October amid weak demand
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Japan's factory activity shrinks to 48.1 in November on weak demand