Japão PMI Industrial

The au Jibun Bank Japan Manufacturing PMI was revised upward to 49.8 in August 2024 from flash data of 49.5. Figures were also higher than July's reading of 49.1, indicating that factory activity moved closer to stabilization as output grew for the second time in three months while new orders fell at a softer rate. Moreover, firms reported a rise in input buying for the first time since July 2022 amid additional production requirements. Employment growth also picked up though the level of outstanding business continued to moderate sharply. On the price front, input cost inflation strengthened to reach a 16-month high as higher raw material prices and exchange rate weakness were sustained. Firms responded by raising their own charges, though at the softest rate since June 2021. Lastly, business sentiment gathered momentum, with a robust degree of optimism due to predictions of a stronger domestic and global economic upturn.