Manufacturing activity in Japan reaches 18-month high


  • Business Premium
  • Thursday, 01 Dec 2005

TOKYO: Manufacturing activity in Japan expanded at the fastest pace in 18 months in November as robust demand at home, especially for cars, offset a lukewarm rise in orders from overseas, a survey showed yesterday. 

The NTC Research/Nomura/JMMA Purchasing Managers Index, which gives an early snapshot of manufacturing activity, stood at a seasonally adjusted 55.3, the highest reading since May 2004 and up from 54.7 in October. 

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