The Jibun Bank Japan Composite PMI fell to 47.0 in November 2020 from a final 48.0 a month earlier, amid a fresh wave of COVID-19 cases globally that putting Japanese exporters in a tough situation, a flash figure showed. This was the tenth straight month of contraction in private sector activity, amid a faster decline in output. Also, demand conditions continued to weaken, with inflows of new business falling for a tenth month in a row, weighed down by a further drop in export orders. Operating capacity remained in excess, leading to a faster decline in employment. On the price front, input and output prices fell. Finally, sentiment slipped to the lowest in three months.