Japanese manufacturing contracted in November; 180,000 job losses in October and car sales lowest in 42 years
Nov 29th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Operating conditions continued to deteriorate in the Japanese manufacturing sector in November, as a further reduction in new business led to another decline of output. Employment fell further, with data pointing to the fastest rate of job shedding for twelve months. Meanwhile, deflation of factory gate prices strengthened in November, with output prices falling solidly amid continued strong competition for new business. This occurred despite a solid increase in average cost burdens. In other economic news, there were 180,000 job losses in October and car
sales were the lowest in 42 years.