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Japan Private Sector Growth Softens

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

Japan's private sector continued to expand in October but the pace of growth softened due to another fall in manufacturing output, flash survey results from S&P Global showed on Friday.

The composite output index fell to 50.9 in October from 51.3 in September. A score above 50.0 indicates expansion. However, the rate of growth was the softest seen in five months.

Data showed that increased activity across the service sector was offset by a further decline in manufacturing production.

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