12/1/2021, 1:36 AM (Source: TeleTrader)
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Japan's manufacturing expansion strengthens in November

The Japanese Jibun Bank Flash Manufacturing PMI Index surprised market expectations and landed at 54.5 in November, IHS Markit's preliminary report released on Friday showed.

The headline figure landing above the neutral 50 marks an upturn in Japan's manufacturing activity, with manufacturers signaling a quicker improvement in operating conditions compared to last month.

"The pace of expansion quickened as firms recorded stronger growth in both output and new orders," Economist at IHS Markit Usamah Bhatti said. "Beyond the immediate future, Japanese manufacturers remained confident that output would rise over the coming 12 months," he added.

Baha Breaking News (BBN) / NL