Economic Buzz: Japan Jibun Manufacturing Activity Inches Higher In September

26 Sep 2022 , 09:17 AM

Japan manufacturing sector continued to expand in September, with a manufacturing PMI score of 51.0, the latest survey from Jibun Bank revealed on Monday. Thats down from 51.5 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. For the third straight month, both output and new orders were in contraction territory as high prices reportedly dented demand for Japanese goods. Output price inflation accelerated slightly in September and held close to Junes survey peak. Manufacturing sector business confidence faltered, dropping to a five-month low. The survey also showed that the services PMI improved from 49.5 in August to 51.9 in September, while the composite PMI went from 49.4 to 50.9.Powered by Commodity Insights