Japan Manufacturing PMI Climbs To 49.6 In April - Jibun
The manufacturing sector in Japan continued to contract in April, albeit at a slower pace, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 49.6.
That's up from 48.2 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Latest data showed that output was down again in April, extending the current period of contraction to 11 months. The rate of decline was modest and the lowest recorded by the survey since last October. Firms again continued to signal a preference for utilizing existing inventories rather than raising output. There were also reports that a lack of incoming new orders had weighed on production.
Amid reports of soft demand and destocking at clients, new orders were also down for an eleventh successive month. That said, the degree to which sales fell was marginal and eased noticeably for a second month running. New export volumes also declined amid evidence of low demand from key export markets like China and the U.S.
Economic News
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.