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Japan Final Manufacturing PMI for March 2024 comes in at 48.2 (flash 48.2, prior 47.2)Japan Final Manufacturing PMI for March 2024 comes in at 48.2 (flash 48.2, prior 47.2)

The preliminary (flash) and prior for this is here:

Japan March preliminary PMIs: Manufacturing 48.2 (prior 47.2) Services 54.9 (prior 52.9)

The final for manufacturing is a slightly improved (from February) 48.2. Still in contraction.

contracted for the 10th consecutive monthhighest in 4 months, since November 2023output and new orders declined at a slower
pace than in Februarynew export
orders declined at the fastest pace since February 2023, global demand remains a major headwindinput inflation the slowest since February 2021output inflation accelerated for the first time in nearly a year and hit a three-month highemployment rose at the quickest pace since July

Services final PMI will be out later in the week.

This article was written by Eamonn Sheridan at www.forexlive.com.

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