Japan factory activity expands at softer rate in August - Breaking The News

Japan factory activity expands at softer rate in August

23 August

1 min read

EPA-EFE/MACIEJ KULCZYNSKI

The Japanese Jibun Bank Flash Manufacturing PMI Index landed at 51.0 in August, S&P Global's preliminary report released on Tuesday showed.

The headline figure landing above the neutral 50 marks an upturn in Japan's manufacturing activity, although the 1.1 month-on-month decrease seen from July to August marks the biggest decline recorded in the current three-month growth sequence.

"The strongest concerns among Japanese private sector firms were the impact of the Ukraine war, inflationary pressures due to rising raw material and energy costs, and a global economic slowdown," Economist at IHS Markit Usamah Bhatti said.

data manufacturing pmi

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