(RTTNews) – Japan’s production sector continued to contract in September, albeit at a slower pace, Jibun Bank’s most recent survey showed Thursday with a maximum production PMI score of seven months of 47. 7.
This is greater than 47. 3 in August, remaining below the expansion or deceleration line 50 times that separates it from the expansion.
Production declined and new orders were slower, while business expectations continued to recover.
Employment remained relatively strong in the production sector, with the index only below the 50. 0 threshold unchanged. When a minimum was reported on the wage bill, respondents basically cited non-retirement substitution.