The flash PMIs for Japan this month, the final reading for these will come from next week.

Jibun Bank Manufacturing PMI 51.2, lowest in 8 months

  • prior 52.7
  • supply chain issues a negative

Services 47.4, improved but still in contraction as the pandemic weighed

  • prior 42.9 (August's was the lowest since May 2020, the nadir of the COVID-19 slump in 2020)

Composite 47.7

  • prior 45.5

Markit comments (in brief)

  • Flash PMI data indicated that activity at Japanese private sector businesses was scaled back further in September
  • The pace of decline was softer than that seen in August, as the larger services sector saw a considerable easing in the rate of contraction
  • Manufacturers' input prices rose at the fastest pace since September 2008 ...businesses attributing the rise to higher raw material, freight and staff costs amid supply shortages