Japan's factory activity squeezed by weak demand, inflation in Oct - PMI
© Reuters. FILE PHOTO: A worker checks machinery at a factory in Higashiosaka, Japan June 23, 2022. REUTERS/Sakura Murakami/File Photo
Subindexes of output and new orders also contracted for a fifth straight month in October. Respondents said that sales demand at home and abroad was weak. The survey showed the subindex gauging employment slipped for the first time since February 2021 as firms didn't replace headcount due to weaker output and order books.
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