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flag Japan's manufacturing sector contracted in October 2024 as PMI dropped to 49.2 amid weak demand.

flag Japan's manufacturing sector experienced a notable decline in October 2024, with the final Purchasing Managers' Index (PMI) falling to 49.2 from 49.7, indicating contraction. flag The decrease reflects weaker domestic and global demand, particularly impacting semiconductors and automobiles. flag Factory output declined for the second consecutive month, and new orders fell sharply, leading to stagnant employment levels and ongoing concerns about economic recovery.

6 months ago
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