Jibun Bank S&P Global PMI Flash / Preliminary for July 2024 for Japan
Manufacturing PMI 49.2, first time under 50 (and into contraction) in 3 month
- expected 50.5, prior 50.0
- sub indexes show that output and new orders fell slightly, higher prices weigh on margins (input cost inflation to the highest since April 2023)
- new orders weakest since February
Services 53.9, to a 3 month high
- prior 49.4
Composite 52.6
- prior 49.7
