9/22, 2:30 AM (Source: TeleTrader)
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Japanese private sector activity down in September

Japan's economic activity slowed down in September, with the Composite Purchasing Managers' Index (PMI) falling to 51.8 from 52.6 in August, S&P Global said in a preliminary report on Friday. The Services Business Activity Index dropped to 53.3 from 54.3 in August, while the Manufacturing Output Index declined by 0.3 points to 48.6.

"Forward-looking indicators from the survey suggest the potential for softening demand and activity over the coming months. Composite new order growth came close to stalling, as private sector firms noted the weakest expansion since February. While there was a further rise among services firms, Japanese manufacturers indicated that new orders fell at the strongest pace in seven months," S&P Global Market Intelligence economist Usamah Bhatti said.

Baha Breaking News (BBN) / DJ