Japan's factory activity improves in August - Breaking The News

Japan's factory activity improves in August

2 September

1 min read

EPA-EFE/KIMIMASA MAYAMA

The activity in Japan's manufacturing sector increased in August, with the Jibun Bank Manufacturing Purchasing Managers' Index (PMI) increasing to 49.8 from the previous month's 49.1 according to a revised report by S&P Global on Monday.

The report mentioned that Japan's manufacturing sector moved closer to stabilization due to output expansion for the second time in three months. New orders experienced a "modest fall" in the eighth month of the year.

"Firms also mentioned taking on additional staff while destocking efforts appeared to ease. There were also indications of improved supplier performance as manufacturers mentioned more readily available inputs, particularly electrical components," Usamah Bhatti at S&P Global Market Intelligence said.

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