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11/1/2021, 1:32 AM (Source: TeleTrader)
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Japan's manufacturing activity improves in October

The Japanese Jibun Bank Flash Manufacturing PMI Index was 53.2 in October, rising above analysts' expectations, according to the report published by IHS Markit. This marks an improvement of 1.7 percentage points from the previous month's number.

In general, businesses in Japan's manufacturing sector signalled a stronger expansion in October, with both production and new order inflows increasing as coronavirus restrictions eased in the country. At the same time, employment levels increased at a faster pace than the previous month.

Usamah Bhatti, Economist at IHS Markit, commented on the report: "Japanese manufacturers commented that the degree of optimism regarding the outlook strengthened in October. Confidence about the outlook reached the highest level since the series began in July 2012, as hopes that the end of the pandemic would stimulate a broad market recovery gathered pace."

Baha Breaking News (BBN) / OL