The final au Jibun Bank Japan manufacturing purchasing managers index (PMI) rose to 48.0 in January from 47.9 in December, but remained below the 50.0 threshold that separates growth from contraction in activity, where it has languished since June.
Japan s factory activity shrank
for an eighth straight month in January as output and new orders
declined due to the subsiding economy at home and overseas, a
private-sector survey showed on. -February 31, 2024 at 07:31 pm EST
- MarketScreener
Japan's factory activity shrank for an eighth straight month in January as output and new orders declined due to the subsiding economy at home and overseas, a private-sector survey showed on Thursday. The final au Jibun Bank Japan manufacturing purchasing managers' index (PMI) rose to 48.0 in January from 47.9 in December, but remained below the 50.0 threshold that separates growth from contraction in activity, where it has languished since June. "Depressed economic conditions at home and globally weighed heavily on the sector," said Usamah Bhatti at S&P Global Market Intelligence.
Japan s core machinery orders fell more than expected in November, data showed on Thursday, underscoring uncertainty about the economic outlook. . -January 17, 2024 at 07:45 pm EST
- MarketScreener