Financial News: Japan Manufacturing PMI Slows In September

Japan Manufacturing PMI Slows In September - Jibun

09/30/2024 - 20:38:00 (RTTNews)

(RTTNews) - The manufacturing sector in Japan continued to contract in September, and at a faster rate, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 49.7.

That's down from 49.8 in August and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Output fell for the second time in three months at the end of the third quarter, with the respective seasonally adjusted index only fractionally below the neutral 50.0 threshold. Firms often indicated a lack of incoming new business as a result of economic weaknesses. However, this was partially offset by firms opting to complete outstanding orders.

As a result, backlogs of work fell at moderate pace that extended the current sequence of depletion to two years. The level of new orders placed with Japanese manufacturers also fell in September, and at a moderate pace that was little changed from that in August.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Unexpectedly Decreases In October (08 hr(s), 09 min(s), 02 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed an unexpected deterio ...Full Story»

U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly (08 hr(s), 33 min(s), 02 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

U.S. Producer Prices Unexpectedly Unchanged In September (10 hr(s), 18 min(s), 02 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

India Industrial Output Shrinks 0.1% In August (10 hr(s), 21 min(s), 02 sec(s) ago)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story»

Turkey Retail Sales Growth Strongest In 5 Months (13 hr(s), 15 min(s), 02 sec(s) ago)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story»

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years (14 hr(s), 09 min(s), 02 sec(s) ago)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story»

UK Economy Returns To Growth (14 hr(s), 30 min(s), 02 sec(s) ago)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story»

Swiss Consumers Less Pessimistic In September (14 hr(s), 52 min(s), 02 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in August, survey results from ...Full Story»

Financial News: Japan Manufacturing PMI Slows In September - Jibun

Japan Manufacturing PMI Slows In September - Jibun

RECENT INTERNATIONAL FINANCIAL NEWS

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Unexpectedly Decreases In October

U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly

U.S. Producer Prices Unexpectedly Unchanged In September

India Industrial Output Shrinks 0.1% In August

Turkey Retail Sales Growth Strongest In 5 Months