Japan Manufacturing PMI Data May 2023

02 May 2023

The headline au Jibun Bank Japan Manufacturing Purchasing Managers’ Index™ (PMI) rose from 49.2 in March to 49.5 in April to indicate a sixth successive deterioration in the health of the Japanese manufacturing sector. Weak domestic and global economic trends reportedly led to sustained contractions in production and order books. Businesses also signalled that supply chains continued on their path to recovery, as average lead times lengthened by the smallest degree in the current 39-month sequence of deterioration. Concurrently, input costs rose at the slowest pace since August 2021.
Source: S&P Global Eurozone PMI®
Post by: Republic of Türkiye Ministry of Trade