Japan: Nomura/JMMA Manufacturing PMI falls 0.6 points in September

FXstreet.com (Córdoba) - The Nomura/JMMA Manufacturing Purchasing Manager Index reached 49.5 points in September down from a figure of 50.1 in August and falling below the neutral 50.0 threshold. This is the first deterioration since June 2009.

"Panellists reported that client demand remained weak due to heightened concerns regarding the economic outlook and the strength of the yen. The latter had a negative impact on intakes of new export business, which rose only marginally over the month, and at the slowest pace in the current sixteen-month period of expansion", said Markit Economics today.

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