{"id":1669084,"date":"2022-10-02T21:06:37","date_gmt":"2022-10-03T01:06:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669084"},"modified":"2022-10-02T21:07:28","modified_gmt":"2022-10-03T01:07:28","slug":"sliding-output-orders-hit-japans-factory-activity-in-sept-pmi","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sliding-output-orders-hit-japans-factory-activity-in-sept-pmi\/","title":{"rendered":"Sliding output, orders hit Japan\u2019s factory activity in Sept \u2013 PMI"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsliding-output-orders-hit-japans-factory-activity-in-sept-pmi%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669084&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>TOKYO (Reuters) \u2013     Japan\u2019s manufacturing activity grew at its slowest pace since the start of last year in September as a slide in output and new orders intensified due to weakening demand from China, the United States and other trading partners.<\/p>\n<p>The au Jibun Bank Japan Manufacturing Purchasing Managers\u2019 Index slumped to a seasonally adjusted 50.8 in September from a final 51.5 in the prior month.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>That marked the weakest growth rate since January last year when it was last in contraction and was lower than a 51.0 flash reading.<\/p>\n<p>\u201cWeakness in Japan\u2019s manufacturing sector persisted in September and even turned worse,\u201d said Joe Hayes, senior economist at S&#038;P Global Market Intelligence, which compiles the survey.<\/p>\n<p>While high inflation eroded client purchasing power, slowing global economic growth hurt exports, he added.<\/p>\n<p>\u201cWeakness in the yen is doing little to bolster export demand either and instead is pushing imported inflation up drastically and drove domestic price pressures up even further,\u201d Hayes said.<\/p>\n<p>The gloomy reading contrasted with strong official manufacturing data released on Friday. Factories in the world\u2019s third-largest economy ramped up output by 2.7% in August on firmer machinery production, and expected output to rise in September and October as well, that data showed.<\/p>\n<p>The PMI survey showed new orders shrank at the fastest rate in two years, while output posted its sharpest decline in a year.<\/p>\n<p>\u201cForward-looking indicators from the survey suggest that the downward trend in output looks set to persist in the fourth quarter,\u201d said Hayes.<\/p>\n<p>\u201cIncreases in inventories, which according to panelists was due to poor sales performances, (highlight) how weak underlying demand conditions are for Japanese goods.\u201d<\/p>\n<p>A sharper downturn in overseas economies would likely make Japan increasingly reliant on consumption, investment and broader economic activity at home for growth.<\/p>\n<p> (Reporting by Daniel Leussink; Editing by Sam Holmes)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/sliding-output-orders-hit\/attachment\/a-worker-checks-machinery-at-a-factory-in-higashiosaka-2\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9200M-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9200M-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) \u2013 Japan\u2019s manufacturing activity grew at its slowest pace since the start of last year in September as a slide in output and new orders intensified due to<\/p>\n","protected":false},"author":66,"featured_media":1889434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1669084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/sliding-output-orders-hit\/?utm_source=rss&utm_medium=rss&utm_campaign=sliding-output-orders-hit","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1669084"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889434"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1669084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1669084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1669084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}