Japan: Nomura/JMMA Manufacturing PMI falls 2.3 points in October

FXstreet.com (Córdoba) - The Nomura/JMMA Manufacturing Purchasing Manager Index reached 47.2 points in October down from a figure of 49.5 in September and holding below the neutral 50.0 threshold. This is the second consecutive deterioration.

"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", said Markit Economics today.

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