Japan Flash PMI Signals Softening Demand as Inflation Risks Linger

Dow Jones12:48

0448 GMT - Japanese businesses are less upbeat about output in the year ahead as inflation risks continue to generate concerns about the outlook, S&P Global's flash PMI shows. The October survey indicates private-sector business activity grew for a 19th straight month, but stayed flat from September and weaker than the year-to-date average. Sales growth in the goods-producing sector was the slowest since March, while growth gathered pace in the services sector but remained modest. Input cost inflation edged higher during the month, while the Bank of Japan once again hiked interest rates, says Usamah Bhatti, economist at S&P Global Market Intelligence. Against that backdrop, it will be important to monitor how domestic demand conditions evolve, Bhatti says.

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