Japan flash May manufacturing PMI 49.0 (prior 48.7)

Japan Jibun Bank PMI Manufacturing (preliminary) for May 2025 49.0

• prior 48.7
• if confirmed in the final at 49.0 it’d be the 11th consecutive month of contraction for the sector

Some points from the manufacturing PMI:

• factory output fell at a quicker pace than in April
• decreases in new orders and new export business, but at a slower rate than in April
• input costs for factories rose at the slowest rate in 14 months
• output price inflation was down to the lowest in nearly four years

Services 50.8

• prior 52.4
• slower increases in new business, export business and employment

Composite 49.8 in May

• prior 51.2

Earlier today were very encouraging data from Japan:

• Japan machinery orders surge, +13% m/m (expected -1.6%)

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