In September, Japan's manufacturing PMI dropped to 49.6, indicating contraction for three months.
In September, Japan's manufacturing activity contracted, with the Purchasing Managers' Index (PMI) dropping to 49.6 from 49.8, marking three months below the growth threshold. This decline is attributed to weakened production and new orders. Conversely, the services PMI rose to 53.9, reflecting robust expansion driven by increased private consumption. Despite easing inflation, manufacturers' outlook remains cautious due to soft demand, particularly from China.
September 24, 2024
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