Japan Jibun Bank / Markit preliminary September Manufacturing PMI 51.2 vs. prior 52.7

Author: Eamonn Sheridan | Category: News

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

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