Japanese Manufacturing Grows at Fastest Pace in Nine Months

Japanese manufacturing activity expanded at the fastest pace in nine months in October as output and new export orders picked up, a private business survey showed on Tuesday, offering some hope for the struggling economy.

The final Markit/Nikkei Japan Manufacturing Purchasing Managers Index (PMI) was 51.4 on a seasonally adjusted basis. That compares with a preliminary reading of 51.7 and a final 50.4 in the previous month.

The index remained above the 50 threshold that separates expansion from contraction for the second month and showed that activity expanded at the fastest since January.

Reuters

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