Japan's manufacturing expansion slowed to a seven-month low in October as output and new orders growth eased, S&P Global's preliminary PMI showed. The manufacturing PMI fell to 53.3 in October from 54.1 in September; manufacturers' new orders and output growth were the weakest since March, and private-sector new export growth slowed to a four-month low. Manufacturing employment rose modestly, while purchasing increased and inventories rose at the fastest pace in nearly four years. S&P Global Jap

Japan's manufacturing expansion slowed to a seven-month low in October as output and new orders growth eased, S&P Global's preliminary PMI showed. The manufacturing PMI fell to 53.3 in October from 54.1 in September; manufacturers' new orders and output growth were the weakest since March, and private-sector new export growth slowed to a four-month low. Manufacturing employment rose modestly, while purchasing increased and inventories rose at the fastest pace in nearly four years. S&P Global Japan services PMI business activity index rose to 52.0 from 51.3, with activity and sales gains accelerating. S&P Global Market Intelligence economist Usama Bhatty said: "The preliminary October PMIs show overall Japanese business activity growth was flat month-on-month and remained below the year-to-date average."