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."