02.12.201900:10:00UTC+00Japan Manufacturing PMI Climbs To 48.9 - Nikkei

The manufacturing sector in Japan continued to contract in November, albeit at a slower pace, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 48.9.

That's up from 48.4 in October, although it remains solidly beneath the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components, a solid decline in new orders led to further cutbacks in output.

Economic weakness across Asia hit exports in November, while selling charges decreased for the sixth consecutive month.