Japan July Manufacturing PMI (final): 49.1 (prior 50.0)

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S&P Global / Jibun Bank Japanese Manufacturing PMI for July 2024 comes in at 49.1

  • first time under 50 (and into contraction) in 3 months
  • prior 50.0, preliminary 49.2

In summary:

  • There was a significant reduction in new orders, leading to a sharp decline in production levels.
  • Input price inflation reached its highest since April 2023, driven by increased costs in labor, logistics, and raw materials.
  • Employment levels increased for the fifth consecutive month, reflecting optimism for future demand recovery.

This article was written by Eamonn Sheridan at www.forexlive.com.



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