1 Dec 2014
Japan's Manufacturing PMI for Nov a tad lower
FXStreet (Bali) - Japan's Markit/JMMA Manufacturing PMI for November was 52.0 vs 52.4 last.
Commenting on the Japanese Manufacturing PMI survey data, Philip Leake, Economist at Markit, which compiles the survey, said: “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” Leake added.
Commenting on the Japanese Manufacturing PMI survey data, Philip Leake, Economist at Markit, which compiles the survey, said: “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” Leake added.