Economic Buzz: Japan Manufacturing PMI Expands To 54.6 In January

24 Jan 2022 , 09:16 AM

Japan manufacturing sector continued to expand in January with a manufacturing PMI score of 54.6, the latest survey from Jibun Bank revealed on Monday. Thats up from 54.3 in December, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Both output and new order growth quickened, with the latter rising at the fastest pace for nine months. Manufacturers remained confident regarding the health of the sector and continued to take on additional staff, as indicated by a further moderate increase in employment. Though firms remained strongly optimistic regarding the 12-month outlook for output, positive sentiment dipped to a five-month low. The survey also showed that the services PMI tumbled to 46.6 from 51.1 in December, while the composite PMI dropped to 48.8 from 51.9.

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