Out today:
Flash Japan Manufacturing PMI™ at 50.9 (51.7 in August). Operating conditions improve at slower rate. Flash Japan Manufacturing Output Index at 51.4 (51.1 in August). Growth in production little changed from August’s modest pace.
And:
Because:
Commenting on the Japanese Manufacturing PMI survey data, Amy Brownbill, economist at Markit, which compiles the survey, said: “September PMI data pointed to a general slowdown in the expansion of the Japanese manufacturing sector. New order growth moderated, having increased in August at the fastest rate since January. Underpinning the slowdown in total new order growth was a sharp reduction in international demand as new export orders dropped to the greatest extent for 31 months. A number of panellists blamed a fall in sales volumes from China leading to a decrease in new exports. Subsequently, employment levels declined for the first time since March.
Drip, drip, drip…
