Japan Factory Output hits seventh-month downturn, hurts economy

22.11.2019 - Kulakov Vladimir
Japan Factory Output hits seventh-month downturn, hurts economy

The factory production of Japan in November remained below the 50.0 level and marked its 7th consecutive decline on a monthly basis. Policymakers are now faced with a challenge to stir economic activity which continues to be at a slow pace this year.

The Jibun Bank Flash Japan Manufacturing Purchasing Manager’s Index (PMI) posted 48.6 from 48.4 in October. This remains to be below the threshold level that determines contraction and expansion.

However, the final reading for this month’s production will determine whether the manufacturing activity will mark its longest decline in six years.

“Slack in export demand, the protracted U.S.-China trade war and limited policy levers stack up the chances of an improvement in Japan’s economy,” said Joe Hayes, economist at HIS Markit.

“Without any dive from the service sector, a quarterly contraction in Q4 seems highly likely.”


Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?