The manufacturing sector experienced sustained decreases in both output and new orders. Alarmingly, the rate of new orders fell at the sharpest pace in seven months. Consistent with the decline in new orders, the rate of backlog depletion also quickened, reaching its joint-sharpest point since March, as per the report.
Japanese manufacturers continue to face price pressures, as the rate of input price inflation accelerated for the second month in a row to hit a four-month high in September. Despite this, output charges were raised at an unchanged, but still solid, pace according to the most recent survey data.
ALCHEMPro News Desk (DP)
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