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Jibun Bank Japan Manufacturing PMI
The downturn in the Japanese manufacturing sector remained fractional midway through the third quarter of 2023. Weak domestic and global economic trends reportedly contributed to sustained contractions in production and order books. That said, firms also mentioned that rising prices had also been a factor in subdued operating conditions. input prices saw a renewed acceleration during August, reaching a three-month high amid higher raw material and labour costs as well as a weakened currency. Higher labour costs faced by Japanese manufacturers fed into the labour market, as firms reported the softest rise in ... (full story)