Japão PMI Industrial

The au Jibun Bank Japan Manufacturing PMI was revised higher to 49.2 in October 2024 from a flash reading of 49.0, following a final figure of 49.7 in the previous month. It marks the fourth consecutive month of contraction in factory activity and the sharpest decline since March. Output shrank at the fastest pace in six months, while new orders fell for the seventeenth month in a row and the steepest pace in three months, with export orders falling the most in seven months due to weak demand. Job creation stagnated amid reduced capacity pressures, with backlogs of work dropping at the steepest rate in seven months. Additionally, purchasing activity fell while supplier delivery times lengthened. On the pricing front, input cost inflation eased to a six-month low while output price inflation accelerated. Finally, business sentiment remained positive but was little changed from September’s 21-month low amid concerns regarding the timing of the recovery from the current economic malaise.