October 24, 2024 at 01:30AM
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 month
New orders decreased across manufacturing and services
Poor demand conditions in the domestic economy, and new orders from abroad fell at the quickest
pace since February 2023
services had their first contraction in four months, to the lowest
level since February 2022
—***
This article was written by Eamonn Sheridan at www.forexlive.com.
Japan flash PMIs (October): Manufacturing 49.0 (prior 49.7) Services 49.3 (prior 49.6)