The pace of contraction in manufacturing activity in Japan is increasing

Gibbon Bank announced this PMI The sector fell in November to 49 points, compared to 49.2 points in October, according to the German news agency ((dpa).

An index reading of less than 50 points indicates a contraction of the sector’s economic activity, while a reading of more than 50 points indicates an increase in the sector’s activity.

Although the decline was mild, the index fell to its lowest levels since last March, on the back of a drop in new orders during the final quarter of this year. Orders were slightly down last month compared to the previous month.

According to members of the Gibbon Bank survey committee, demand, whether domestic or external, for the manufacturing sector was weak in… Japan.