Japan Manufacturing PMI Accelerates In October - Jibun
The manufacturing sector in Japan continued to expand in October, and at a faster pace, the latest survey from Jibun Bank showed on Friday with a manufacturing PMI score of 53.0.
That's up from 51.5 in September, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Both output and new order volumes reversed the declines recorded in September to rise at a marginal pace. Moreover, job creation continued for the seventh successive month, with the rate of growth the quickest since April 2019. Firms also remained confident that activity would increase over the next 12 months, with optimism reaching the highest since June's series record.
The survey also showed that the services PMI climbed to 50.7 in October from 47.4 in September, while the composite also rose to 50.7 from 47.9 a month earlier.
Positive sentiment picked up slightly in the latest survey period to reach a four-month high, which extended optimism to a fourteenth consecutive month.
Economic News
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.