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Jibun Bank Japan Manufacturing PMI
Business conditions across the Japanese manufacturing sector deteriorated at a modest rate in the start of 2024, one that was little-changed from that seen in December. Weakness was sustained across the two main components of the PMI, with continued falls in output and new orders, while employment and stocks of purchases also negatively impacted the headline reading. The weakness in new orders was of notable concern as the absence of incoming business led to the sharpest reduction in outstanding work in nearly threeand-a-half years. Manufacturers also faced a steep rise in price pressures in January, though this did ... (full story)