Japan factory growth beats estimates while China’s numbers do not
- Asian Market
- 6 months ago
Japanese manufacturing output grew by 2.9% beating the 1.2% market estimation and showing an increased pace since 2015.
Brushing off natural disasters of late added with continuous global market turbulence due to trade wars it has been a welcoming sight.
In contrast China’s output has slowed down for the first first time in two years.
The official Purchasing Manager’s Index (PMI), was down to 50.0 this month compared to October’s figure of 50.2
While Xi Jinping meeting with Trump this weekend will finally give an indication of what’s the outcome of the latest trade war is, Japan will be hoping its a positive result as its exports may be particularly vulnerable to the continuing conflict.
Source: Smart Trend Team