Japan Jibun Bank PMI Manufacturing (preliminary) for May 2025 49.0
- prior 48.7
- if confirmed in the final at 49.0 it’d be the 11th consecutive month of contraction for the sector
Some points from the manufacturing PMI:
- factory output fell at a quicker pace than in April
- decreases in new orders and new export business, but at a slower rate than in April
- input costs for factories rose at the slowest rate in 14 months
- output price inflation was down to the lowest in nearly four years
Services 50.8
- prior 52.4
- slower increases in new business, export business and employment
Composite 49.8 in May
- prior 51.2
Earlier today were very encouraging data from Japan:
This article was written by Eamonn Sheridan at www.forexlive.com.
