Japan S&P Global PMI Manufacturing
Japan’s factory sector contracted at the sharpest pace in six months in September, with weaker output and new orders pointing to ongoing demand headwinds, the S&P Global PMI survey showed. The manufacturing PMI fell to 48.5 from 49.7 in August, marking the steepest deterioration since March, though little changed from the flash estimate of 48.4.
Firms cited soft demand from China and the impact of U.S. tariffs as key drags, with new business falling at the fastest rate since April and export orders also shrinking. Business confidence slipped to its lowest in five months, while employment growth slowed. Input cost inflation picked up to a three-month high, driven by raw material and labour costs, but remained below levels seen earlier this year. Companies raised selling prices at a solid pace to protect margins.
