Financial News: Japan Manufacturing PMI Climbs To 49.6 In April

Japan Manufacturing PMI Climbs To 49.6 In April - Jibun

04/30/2024 - 21:32:00 (RTTNews)

(RTTNews) - The manufacturing sector in Japan continued to contract in April, albeit at a slower pace, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 49.6.

That's up from 48.2 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Latest data showed that output was down again in April, extending the current period of contraction to 11 months. The rate of decline was modest and the lowest recorded by the survey since last October. Firms again continued to signal a preference for utilizing existing inventories rather than raising output. There were also reports that a lack of incoming new orders had weighed on production.

Amid reports of soft demand and destocking at clients, new orders were also down for an eleventh successive month. That said, the degree to which sales fell was marginal and eased noticeably for a second month running. New export volumes also declined amid evidence of low demand from key export markets like China and the U.S.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

UK Manufacturers Expect Output To Rise Moderately: CBI (01 hr(s), 39 min(s), 50 sec(s) ago)
(RTTNews) - UK manufacturers expect production to increase in the three months to August and their ...Full Story»

Greece Current Account Deficit Widens In March (02 hr(s), 34 min(s), 50 sec(s) ago)
(RTTNews) - Greece's current account gap increased in March, mainly due to deterioration in th ...Full Story»

Eurozone Trade Surplus Increases In March (03 hr(s), 42 min(s), 50 sec(s) ago)
(RTTNews) - The euro area trade surplus increased in March as the decline in imports exceeded the ...Full Story»

Eurozone Construction Output Logs Marginal Expansion (03 hr(s), 53 min(s), 50 sec(s) ago)
(RTTNews) - Eurozone construction output increased for the fourth straight month in March, though ...Full Story»

South African Leading Index Falls In March (05 hr(s), 38 min(s), 50 sec(s) ago)
(RTTNews) - South Africa's composite leading index decreased in March to the lowest level in s ...Full Story»

Eurozone Current Account Surplus Rises In March (05 hr(s), 55 min(s), 50 sec(s) ago)
(RTTNews) - The euro area current account surplus increased in March on improving primary income, ...Full Story»

Denmark Economy Contracts Most In Almost 4 Years (06 hr(s), 28 min(s), 50 sec(s) ago)
(RTTNews) - The Danish economy contracted at the steepest pace in nearly four years in the first q ...Full Story»

South Korea Consumer Confidence Weakens In May (07 hr(s), 36 min(s), 50 sec(s) ago)
(RTTNews) - South Korea's consumer sentiment decreased in May to the lowest level in six month ...Full Story»