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Friday, December 9, 2022

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    In August, Japan’s factory activity growth fell to a 19-month low.

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    In August, Japan’s manufacturing activity growth slowed to a 19-month low.

    The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 51.0 in August from 52.1 in July, marking the slowest growth since January of last year.

    Output fell by the most in 11 months, while purchasing levels fell after climbing in July.

    Orders fell at the fastest pace in over two years.

    Because of chronic supply constraints, inflation in input and output costs has halted.

    Japan’s business confidence has also fallen to a three-month low.

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