BREAKING: Japan Manufacturing PMI Slips In November - Jibun
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.
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