JAPAN – Markit/JMMA Manufacturing PMI for November: 52.0 (prior was 52.4)

Japan Markit/JMMA Manufacturing PMI for November:

• prior was 52.4
• Flash reading for November was 52.1

Philip Leake, Economist at Markit:

• “Business conditions in the Japanese manufacturing sector continued to improve in November, supported by growth of output and new business.
• Employment also increased, albeit at a marginal rate, while a further depreciation of the yen led to a sharp rise in input costs during the month
• However, the outlook for Japanese goods producers remains uncertain amid the weakening currency, the postponement of the planned sales tax increase and the upcoming election.”

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ps. Sorry ’bout the all caps for JAPAN in the headline … just wanted to be sure there was little chance of mistaking this for the China HSBC manufacturing PMI, which is still to come (not long now, due at 0145GMT)