Japan S&P World / Jibun Financial institution Manufacturing PMI for February 2024 has are available at 47.2
- flash 47.2
- prior 48.0
- ninth straight month of contraction
- the
quickest drop since August 2020
From the report:
- “Depressed demand in home and worldwide markets
continued to weigh on sector efficiency” - manufacturing and new orders, the 2 predominant subindexes of
the PMI, declined on the quickest tempo in a 12 months - export gross sales have remained in
contraction for 2 years - employment shrank on the steepest tempo since January 2021
- transport delays on account of disruption within the Crimson Sea and the influence
of Japan’s Noto earthquake on New Yr’s Day - value pressures remained robust on greater uncooked materials,
power, labour, oil and transport prices. However the charge of enter
price inflation eased to the bottom in seven months
This text was written by Eamonn Sheridan at www.forexlive.com.
