Japan Manufacturing PMI Slips In November – Jibun

The manufacturing sector in Japan continued to contract in November, and at a faster pace, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 48.3.

That’s down from 48.7 in October and was shy of expectations for 49.4. It also moved further beneath the boom-or-bust line of 50 that separates expansion from contraction; the index has been in contraction for 19 straight months.

Production and new orders fell at faster rates, while employment fell marginally further and business expectations slipped to a three-month low.

The survey also said the services PMI fell to 46.7 from 47.7 a month earlier, and the composite PMI sank to 47.0 from 48.0 in the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Leave a Reply