Japan Jibun Bank PMI Manufacturing (preliminary) for May 2025 49.0
prior 48.7if confirmed in the final at 49.0 it’d be the 11th consecutive month of contraction for the sector
Some points from the manufacturing PMI:
factory output fell at a quicker pace than in April
decreases in new orders and new export business, but at a slower rate than in April
input costs for factories rose at the slowest rate in 14 months
output price inflation was down to the lowest in nearly four years
Services 50.8
prior 52.4slower increases in new business, export business and employment
Composite 49.8 in May
prior 51.2
Earlier today were very encouraging data from Japan:
Japan machinery orders surge, +13% m/m (expected -1.6%)
This article was written by Eamonn Sheridan at www.forexlive.com.