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Jibun Bank Japan Manufacturing PMI
Business conditions across the Japanese manufacturing sector deteriorated at a stronger rate at the end of the third quarter of 2023. The latest data indicated weakness across the two main components of the PMI, with sharper falls in output and new orders, while employment, stocks of purchases and suppliers’ delivery times were broadly neutral . The weakness in new orders was of notable concern, as the absence of incoming business led to a sharper reduction in outstanding work, indicative of weakness in the manufacturing sector over the near term. Manufacturers also faced a steep rise in price pressures in ... (full story)