RSS Japan Manufacturing PMI Improves To 49.6 In December - Jibun

Currently reading:
 RSS Japan Manufacturing PMI Improves To 49.6 In December - Jibun

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
9,909
Likes
1,923
Credits
33,522©
Cash
0$
In December, Japan's manufacturing sector continued to contract, although at a slower rate, according to the latest survey from Jibun Bank. The manufacturing Purchasing Managers' Index (PMI) rose to 49.6, up from 49.0 in November. Despite this increase, the index still falls below the critical threshold of 50, distinguishing between expansion and contraction.

Recent data indicated a milder decrease in output as the year ended, with the decline rate being minimal compared to the previous month. Many firms attributed the ongoing contraction to subdued demand, though some noted the launch of new products.

Manufacturers showed a lesser inclination towards utilizing existing inventories, as the depletion rate of finished goods holdings was minimal. Reports suggested that new order volumes were approaching stabilization in December, with the rate of reduction easing to the slowest pace in six months.

However, new export demand remained weak, attributed to tepid demand from major markets, particularly mainland China and the United States.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom