• Flash Japan Manufacturing PMI signals solid growth, but edges lower to 52.5 in October - Markit

Market news

24 October 2017

Flash Japan Manufacturing PMI signals solid growth, but edges lower to 52.5 in October - Markit

  • Flash Manufacturing Output Index at 52.6 (53.2 in September)

  • Business confidence softens to 11-month low

Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said: "Although still improving solidly, the Japanese manufacturing sector appeared to lose some momentum in October, as growth eased from September's fourmonth high. Softer expansions were seen for both output and new orders. Meanwhile, firms continued to largely absorb cost pressures, with output price inflation only marginal again in October. "Signs of slowing growth coincided with faltering optimism, as the level of positive sentiment fell to an 11- month low."

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.