Japan Markit/JMMA Manufacturing PMI for November:

  • prior was 52.4
  • Flash reading for November was 52.1

Philip Leake, Economist at Markit:

  • “Business conditions in the Japanese manufacturing sector continued to improve in November, supported by growth of output and new business.
  • Employment also increased, albeit at a marginal rate, while a further depreciation of the yen led to a sharp rise in input costs during the month
  • However, the outlook for Japanese goods producers remains uncertain amid the weakening currency, the postponement of the planned sales tax increase and the upcoming election.”

ps. Sorry ’bout the all caps for JAPAN in the headline … just wanted to be sure there was little chance of mistaking this for the China HSBC manufacturing PMI, which is still to come (not long now, due at 0145GMT)