Jibun Bank S&P Global PMI Flash / Preliminary for October 2024 for Japan – slumping from the previous month:
Composite 49.4,
first contraction in four mnnths
Not a good survey:
factory activity contracts for the 4th straight monthNew orders decreased across manufacturing and servicesPoor demand conditions in the domestic economy, and new orders from abroad fell at the quickest
pace since February 2023services had their first contraction in four months, to the lowest
level since February 2022
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This article was written by Eamonn Sheridan at www.forexlive.com.
