MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Preliminary August PMIs Improve, But Manufacturing Still Sub 50.0

JAPAN DATA

The preliminary Japan PMIs for August improved, per the Jibun Bank survey measures. Manufacturing rose to 49.5, from 49.1 in July. We are still below recent highs, with the index unable to sustain +50 readings in recent years. The services PMI rose to 54.0 from 53.7 prior. This is close to 2024 highs (although in 2023 the index peaked near 56.0). The composite index is back to 53.0, fresh highs since the first half of 2023.

  • The detail showed manufacturing output up to 50.9 from 49.7 prior. New orders for manufacturing also rose.
  • On the services side, the detail was less positive, with the employment sub index slipping, while the prices metric also moderated.
  • Still this data follows yesterday's July trade figures, which showed generally positive trends. Today's PMI results generally point to a resilient economic picture for Q3 Japan.
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.