Global Economic News

Japan Manufacturing PMI Hits Nine-Month High

The manufacturing sector in Japan continued to expand in October, and at a faster rate, the latest survey from Nikkei revealed on Tuesday with a manufacturing PMI score of 51.4.

That's up from 50.4 in September, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, new orders expanded for the first time since January, helped by a boost in international demand.

Employment growth accelerated to a two-and-a-half-year high, the data showed.

by RTTNews Staff Writer

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