Japan Manufacturing PMI Inches Higher In January - Jibun
(RTTNews) - The manufacturing sector in Japan continued to contract in January, albeit at a marginally slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 48.0.
That's up from 47.9 in December, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Total new work decreased for the eighth month running in the latest survey period, and at a sharp rate overall. Weak domestic and global economic conditions were cited as key headwinds to new order intakes. Lower export sales, especially in Mainland China and the wider Asia-Pacific region, also held back total new orders at the start of the year.
January data pointed to a sustained fall in output levels that was nonetheless the softest recorded for three months. The latest reduction was often attributed to subdued economic conditions and weak new order inflows.
Japan Manufacturing PMI Improves Top 49.9 - Jibun
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