Jibun Bank S&P Global PMI Flash / Preliminary for October 2024 for Japan - slumping from the previous month:

Japan flash preliminary pmi October 2024 2

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

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