Japan preliminary manufacturing PMI for November 48.8, contracted for a fifth month
- prior 48.2
Some of sub-indexes:
- factory output showed improvement, climbing to a four-month high, suggesting that the business environment for manufacturers is edging towards stabilisation
- new orders continued to decline, though at a slower rate than in October, reflecting subdued domestic and global demand
- overseas demand remained particularly weak, with new export orders falling at the fastest pace in three months.
Services 53.1
- prior 53.1
- new businesses in the service sector grew at a faster pace, driven by solid domestic demand
Composite 52.0, eighth straight month of expansion
- prior 51.5
The report from S&P Global Market Intelligence highlights:
- “inflation remains a key concern”
- inflationary pressures intensified with input costs rising at the fastest pace in six months on a composite basis, largely attributed to higher labour and raw material costs
- firms raised their selling prices to secure profit margins, although the pace of output inflation slowed from October.
- “business confidence regarding future output improved to the highest level since January”
- strongest employment growth since June
This article was written by Eamonn Sheridan at investinglive.com.