Japan preliminary PMIs, manufacturing slipping deeper into contraction, services improving a little.
Manufacturing PMI 49.6
prior 49.8
Services 53.9
prior 53.7
Composite 52.5
prior 52.9
Snippet from the report commentary, price pressures will be welcomed by the Bank of Japan:
expansion in business activity remained services-led in September, where the rate of increase strengthened to a five-month highManufacturing output meanwhile fell back into contraction territory for the second time in three monthsthe rate of input cost inflation eased in September to reach the lowest for six monthsmanufacturing and services firms noted softer cost pressures, though average operating expenses remained historically elevated overallthe rate of output price inflation ticked up slightly from August
This article was written by Eamonn Sheridan at www.forexlive.com.
