Mumbai, Oct. 24 -- Japanese private sector output continued to expand in October, according to the Flash PMI data, with increased activity across the service sector offsetting a further decline in manufacturing production.
However, the overall rate of growth slowed for the second month running and was the softest recorded since May. The sustained slowdown coincided with a fresh decrease in total new work placed with Japanese companies during October.
As a result, the rate of payroll growth eased and confidence around the year ahead weakened slightly. Inflationary pressures meanwhile picked up, with both input costs and output charges increasing at faster rates than those seen in September.
The headline seasonally adjusted S&P Global Flas...