The Bank au Jibun Flash Japan Composite PMI was revised up to 50.1 in November 2024 from 49.8 in the preliminary estimate, and after 49.6 in the previous month, signaling broad stabilization in the country's private sector.
The latest reading was supported by a marginal expansion in services business activity while manufacturing output shrank further into contraction territory.
Employment growth hit a four-month high, accompanied by a remarkable increase in business for the first time since April. Cost pressures remained high due to rising raw material prices and a weak yen.
However, input cost inflation eased to the slowest since March while output prices rose to the fastest in six months. Finally, overall confidence improved to a four-month high.
Source: Trading Economics
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