Japan's September Manufacturing PMI Slips to 54.1, Growth Moderates
Japan's manufacturing sector expanded at a slower pace in September, with the flash PMI falling to 54.1 from 54.9 in August, according to S&P Global data. Output and new orders growth hit multi-month lows but remained in expansion for the ninth consecutive month. Business confidence rose to its highest since February, driven by AI, semiconductor, defense, and automotive demand. Services and composite PMIs also declined, to 51.6 and 52.5 respectively.
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Japan's September Manufacturing Activity Cools, AI and Semiconductor Demand Support Outlook
Japan's manufacturing activity expanded at a slower pace in September compared to August, according to S&P Global data. The flash manufacturing PMI fell to 54.1 from 54.9 in August. Output growth slowed to its lowest in nearly three months, and new orders growth hit a four-month low, though both remained in expansion for the ninth consecutive month. New export orders continued to show strength, supported by resilient overseas demand. Business confidence rose to its highest since February, driven by demand growth in AI, semiconductors, defense, and automotive sectors. Manufacturing employment also increased, pushing private sector job growth to a seven-month high. The report noted that cost pressures eased slightly for Japanese firms, but challenges persist from a weak yen, rising energy and raw material prices due to Middle East tensions, and higher labor and transportation costs.
Read sourceJapan's September manufacturing activity cools, AI and semiconductor demand boost outlook
Japan's manufacturing activity expanded at a slower pace in September compared to August, according to a flash PMI reading from S&P Global. The headline PMI fell to 54.1 from 54.9 in August, with output growth hitting a three-month low and new orders growth at a four-month low, though both remained in expansion for the ninth consecutive month. New export orders continued to show strength, supported by resilient overseas demand. Business confidence rose to its highest level since February 2024, driven by demand growth in AI, semiconductors, defense, and automotive sectors. Manufacturing employment also increased, pushing private sector job growth to a seven-month high. The survey indicated a slight easing of cost pressures for Japanese firms, but challenges persist from a weak yen, rising energy and raw material prices due to Middle East tensions, and higher labor and transportation costs.
Japan's September Manufacturing PMI Preliminary Reading Falls to 54.1 from 54.9
According to a report from National Business Daily (NBD) citing AI Express, the preliminary reading of Japan's Manufacturing Purchasing Managers' Index (PMI) for September 2023 came in at 54.1. This marks a decrease from the final reading of 54.9 recorded in August. The PMI data, released on September 24, provides an early indication of the health of Japan's manufacturing sector, with a reading above 50 indicating expansion. The slight decline suggests a moderation in the pace of growth for the sector.
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Japan's September Manufacturing PMI Falls to 54.1 from 54.9
According to a flash estimate released by financial news outlet Cailianshe on September 24, Japan's Manufacturing Purchasing Managers' Index (PMI) for September came in at 54.1, down from the final reading of 54.9 in August. The PMI, a key indicator of economic health in the manufacturing sector, remains above the 50.0 threshold that separates expansion from contraction, indicating that the sector continues to grow, albeit at a slightly slower pace than the previous month. The preliminary figure provides an early snapshot of business conditions, including output, new orders, employment, and supplier delivery times. The decline suggests a moderation in the pace of expansion for Japanese manufacturers during the month.
Read sourceJapan's Manufacturing Activity Cools in September, AI and Chip Demand Lift Outlook
Japan's manufacturing sector expansion slowed in September, with the au Jibun Bank Flash Japan Manufacturing PMI falling to 54.1 from August's 54.9, according to S&P Global data. Output growth hit a three-month low and new orders a four-month low, though both remained in expansion for the ninth consecutive month. New export orders continued to show strength, supported by resilient overseas demand. Business confidence rose to its highest level since February, driven by demand growth in AI, semiconductors, defense, and automotive sectors. Manufacturing employment continued to increase, pushing private sector job growth to a seven-month high. The survey indicated a slight easing of cost pressures for Japanese firms, but challenges persist from a weak yen, rising energy and raw material prices due to Middle East tensions, and higher labor and transportation costs.
Read sourceJapan September Composite PMI Flash Estimate Falls to 52.5 from 53.5
The flash estimate for Japan's composite Purchasing Managers' Index (PMI) for September came in at 52.5, according to data from Jin10. This reading marks a decline from the previous month's final reading of 53.5. A PMI reading above 50 indicates expansion in the private sector economy, while a reading below 50 signals contraction. The data suggests that Japan's economic activity continued to grow in September, albeit at a slower pace compared to August. The composite PMI is a weighted average of comparable manufacturing and services PMIs and provides a timely snapshot of overall business conditions.
Read sourceJapan's September Manufacturing PMI Flash Estimate Falls to 54.1 from 54.9
According to a flash estimate released by Jibun Bank and reported by Jin10, Japan's Manufacturing Purchasing Managers' Index (PMI) for September 2024 came in at 54.1. This represents a decline from the final reading of 54.9 recorded in August 2024. The PMI reading above 50 indicates continued expansion in the manufacturing sector, though at a slower pace than the previous month. The data provides an early indication of business conditions in Japan's factory sector for the month.
Read sourceJapan September Services PMI Flash Falls to 51.6 from 52.5
The flash or preliminary reading of Japan's Services Purchasing Managers' Index (PMI) for September came in at 51.6, according to data from financial information provider Jin10. This marks a decline from the final reading of 52.5 recorded in the previous month. A PMI reading above 50 indicates expansion in the sector, while a reading below 50 signals contraction. The September flash estimate of 51.6 suggests that Japan's services sector continues to grow, albeit at a slower pace compared to August. The data provides an early indication of economic activity in the services industry, which is a key component of Japan's overall economy.