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 stabilisationnew orders continued to decline, though at a slower rate than in October, reflecting subdued domestic and global demandoverseas demand remained particularly weak, with new export orders falling at the fastest pace in three months.
Services 53.1
prior 53.1new 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 costsfirms 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.