Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Japan flash Nov manufacturing PMI falls to 51.1 from 51.4, new orders ease

Published 11/23/2016, 07:40 PM
Updated 11/23/2016, 07:50 PM
© Reuters. File photo of smoke rising from chimneys of JFE's steel factory at Keihin industrial zone in Kawasaki

TOKYO, Nov 24 (Reuters) - Japanese manufacturing activity grew in November at a slightly slower pace than the previous month as growth in new orders eased in a sign that the sector has lost a little momentum.

The Flash Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) for November, released on Thursday, fell to a seasonally adjusted 51.1 from a final 51.4 in October.

The index remained above the 50 threshold that separates expansion from contraction for the third consecutive month.

The index for new orders, which measures both domestic and external demand, fell to a preliminary 50.4 from 50.8 in the previous month.

The output component of the PMI index also declined to a preliminary 52.2 from a final 53.3 in October.

Japan's economy grew more than expected in the July-September period, expanding for a third straight quarter as exports recovered.

Some economists are cautious about the outlook because consumer spending is still lacking in momentum and there are concerns that uncertainty about the global economy could hurt exports.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.