Japan's recovery continues on its hesitant path. Bloomberg reports the September tertiary index.
Japan's service industries shrank more than expected in September from a record in August, as consumers and companies spent less.
The tertiary index dropped 0.7 percent to 106.7 after matching a record 107.5 in August, the trade ministry said today. For the quarter, the tertiary index rose 0.3 percent.
Meanwhile, the outlook for the UK manufacturing sector remains weak, according to another Bloomberg report.
U.K. factory orders remained close to a two-year low in November, a sign manufacturers are struggling to avoid recession, a survey by Britain's biggest business lobby group showed.
An index of new orders kept at minus 25 in November, according to the survey of 683 manufacturers by the Confederation of British Industry published today...
Manufacturers don't expect output to pickup in the months ahead either, the survey showed...
The CBI's survey paints a bleaker picture of manufacturing than others do. The Chartered Institute of Purchasing & Supply's index of factory purchasing managers rose to a 10-year high of 51.7 in October...
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