(IHS Markit) Japan’s manufacturing PMI was 51.5 in September, a record low since February, down from 52.7 in August as the sector slowed down for the second straight time.
Fig. Japan Manufacturing PMI
Manufacturers posted the first decline in new orders since December 2020 due to weaker client confidence. Foreign demand rose marginally and was robust in the US and China.
Job creation increased at the fastest since April 2019 as firms anticipated capacity increase as demand crawls back.
Cost burdens rose at the fastest pace in 13 years, reflecting constrained supply chains and material shortages.
Business confidence improved for the first time since June, with firms forecasting output increases next year.
Nikkei 225 is down -2.31%, USDJPY is down -0.31%.
