Jibun Bank S&P Global final April Manufacturing PMI for Japan comes in at 49.5
- the flash reading was 49.5, and the previous month's was 49.2
Main points from the report:
- Japanese manufacturing sector remains in contraction
- The 49.5 reading is the best in 6 months
- slowest reduction in new order inflows since last July
- Firms commented that supply chains had continued on the path to normalisation
- weakness in demand contributed to an accelerated decline in output volumes
- a mixed picture on the prices front ... inflationary pressures remained historically elevated, however manufacturers signalled that input prices rose at the softest pace since August 2021. However, firms sought to protect profit margins so increasingly passed higher cost burdens to customers. As a result, the rate of charge inflation accelerated to a five-month high
