Jibun Bank S&P Global Manufacturing PMI for April 2024. This is the final reading, comes in at 49.6 for the slowest contraction in eight months:
- the preliminary was 49.9
- prior 48.2
More:
- output and new orders slipped for an 11th straight
month, the pace of falls eased - new orders shrank due to sluggish demand
- new export orders contracted due to low demand from
key export markets such as China and the U.S. - input costs picked up, higher prices were seen in many goods, especially metals – the weak yen a factor due to pushing up import prices in local currency
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USD/JPY update:
This article was written by Eamonn Sheridan at www.forexlive.com.
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