Japan's factory downturn softens in April - Breaking The News

Japan's factory downturn softens in April

23 April

1 min read

EPA-EFE/DAI KUROKAWA

The Japanese au Jibun Bank Flash Manufacturing Output Index rose to 48.9 in April, up from 46.6 in March, S&P Global's report released Wednesday showed.

The figure remained below the neutral 50 threshold, pointing to a continued decline in production, though the pace of contraction eased.

"Factories saw new orders decline at the steepest rate in over a year amid a stronger deterioration in foreign demand, as well as reports of subdued client spending and concerns over tariffs," Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, stated in the report.

data manufacturing pmi

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