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Jibun Bank Japan Manufacturing PMI
Business conditions improved across the Japanese manufacturing sector during May, driven by marginal rises in output and new order volumes. The latest survey also highlighted greater confidence regarding the year ahead outlook, with optimism picking up to its highest since the start of 2022. Supplier performance stabilised in May, with average lead times shortening for the first time since January 2020. Manufacturers typically commented on improved materials availability, although there were again reports citing shortages of semiconductors for industrial use. At 50.6 in May, up from 49.5 in April, the headline au ... (full story)