Japan's manufacturing sector shrinks fastest in eight months, PMI falls to 49.0 in November.

Japan's factory activity shrank at its fastest pace in eight months in November, according to a private-sector survey. The manufacturing PMI fell to 49.0, its lowest since March, due to weak demand and a decline in new exports. Despite the contraction, manufacturers reported increased business confidence, fueled by hopes for new product launches and broader economic recovery.

December 02, 2024
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