Japan factory activity shrinks for first time in nearly 2 years

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The story "Japan factory activity shrinks for first time in nearly 2 years" was covered 2 months ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 2 mo ago

Japan factory activity shrinks for first time in nearly 2 years - The Straits Times

Quick Summary:

December 01, 2022 8:47 AM - Manufacturing will stay under pressure as global demand softens and China grapples with a renewed spike in Covid-19 cases.

The au Jibun Bank Japan Manufacturing Purchasing Managers’ Index fell to a seasonally adjusted 49.0 in November from October’s 50.7 final, and below the flash reading of 49.4.

Factory output and new orders slipped to their lowest levels since August 2020.