Japanese manufacturing fell for first time since May 2009 in October; Official data showed factory output dipped in September
Oct 29th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japanese manufacturing: At 47.2 in October, down from 49.5 in the previous month, the headline seasonally adjusted Nomura/JMMA Purchasing Managers’ Index (PMI) pointed to the strongest month-on-month deterioration in Japanese manufacturing sector operating conditions since May 2009. Behind the latest PMI reading, October’s survey pointed to declines in output and new orders, while employment fell for the third month in succession. Official data also issued today showed that factory output was down 1.9% from the previous month following a 0.5% fall in August.