Japan October manufacturing PMI hits 18-month low on weak exports

Japanese manufacturing activity in October contracted at its fastest pace in 18 months, a survey showed on Wednesday, as falling exports and slowing domestic demand weighed on output.

The Markit/JMMA Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 46.9 in October from 48.0 in September.

The index remained below the 50 threshold that separates contraction from expansion for a fifth consecutive month.

via Business feed http://www.scmp.com/business/economy/article/1073793/japan-october-manufacturing-pmi-hits-18-month-low-weak-exports