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☆ Japan's factory activity shrinks for 6th month on weak demand - PMI
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) slipped to 48.1 in November from 48.7 in October. "Demand conditions at private sector firms remained muted in November and were little-changed from October." The au Jibun Bank flash services PMI stood at 51.7 in November, little changed from 51.6 in October, showing modest expansion in the sector, but it was the second-weakest reading so far this year. Firms stayed confident about the business activity outlook for one year ahead, the survey said. The au Jibun Bank Flash Japan composite PMI, which combines both manufacturing and service sector activity, stood at 50.0 in November from 50.5 in October.

Persons: Toru Hanai, Usamah Bhatti, Kaori Kaneko, Kim COghill Organizations: REUTERS, Rights, P Global Market Intelligence, PMI, Firms, Jibun Bank Flash Japan, Thomson Locations: Kawasaki, Japan

☆ Japan's factory, service sector activity under pressure in Oct - PMI
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Toru Hanai/File Photo Acquire Licensing RightsTOKYO, Oct 24 (Reuters) - Japan's factory activity shrank for a fifth straight month in October while the service sector saw its weakest growth this year, a survey showed on Tuesday, amid growing uncertainty over the outlook for the world's third-largest economy. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) remained flat at 48.5 in October. However, the October PMI data indicated further softening in the service sector, which anchored Japanese economy over recent quarters. The au Jibun Bank flash services PMI fell further to 51.1 in October from 53.8 in September last month, marking the slowest rate of growth since the beginning of this year. The au Jibun Bank Flash Japan composite PMI, which combines both manufacturing and service sector activity, fell to 49.9 in October from 52.1 in September, dropping below into contractionary territory for the first time since December.

Persons: Toru Hanai, Jingyi, Satoshi Sugiyama, Sam Holmes Organizations: REUTERS, Rights, PMI, P Global Market Intelligence, Jibun Bank Flash Japan, Thomson Locations: Kawasaki, Japan

☆ Japan's factory activity shrinks at slowest pace in six months, data shows
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Japan's manufacturing activity shrank at the slowest pace in six months in April on a softer decline in sales, while the service-sector stayed solid, a preliminary survey showed on Friday, suggesting a patchy post-Covid economic recovery. The au Jibun Bank flash Japan manufacturing purchasing managers' index rose to a seasonally adjusted 49.5 in April, from a final 49.2 in the previous month. The index remained below the 50-level that separates contraction from expansion for a sixth straight month in April, pointing to the persistent struggles for factories even though the worst appeared to be over for the sector. On the plus side, service-sector activity expanded for an eight straight month in April supported by gains in new orders and new export business, the same survey showed.

☆ Japan's factory activity shrinks at fastest pace in 2-1/2 years-PMI
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) fell to a seasonally adjusted 47.4 in February, from a final 48.9 in the previous month. Factory output and new orders decreased for an eighth straight month and at faster rates than January, the sub-index data showed. By contrast, service-sector activity grew for a six month with further relaxation of domestic COVID-19 countermeasures. The au Jibun Bank flash services PMI rose to an eight-month-high of 53.6 seasonally adjusted in February from the previous month's 52.3 final. Overall, the au Jibun Bank Flash Japan composite PMI was at 50.7 in February, in line with last month's final figure, as the gloomy manufacturing index was offset by a rosy service PMI.

View of the Yarra River flowing through Melbourne city centre in Australia. Asia-Pacific markets are set to fall on Tuesday as investors await regional private surveys for factory activity. The PMI index encompasses services and manufacturing, and is seen as a reliable gauge of economic health. Reserve Bank of Australia will release minutes from its February policy meeting, when it hiked interest rates by 25 basis points to 3.35%. In Japan, the Nikkei 225 fell 0.16% and the Topix was marginally lower ahead of the au Jibun Bank Flash Japan Manufacturing PMI.

☆ Japan's factory activity extends declines for third straight month - PMI
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Jan 24 (Reuters) - Japan's manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) was at a seasonally adjusted 48.9 in January, unchanged from the final reading in the previous month. Factory output and new orders decreased for a seventh consecutive month, although at slower paces than last month, the sub-index data showed. The au Jibun Bank flash services PMI rose to a seasonally adjusted 52.4 in January from the previous month's 51.1 final, hitting a three-month high. Overall, the au Jibun Bank Flash Japan composite PMI rose to 50.8 in January, up from last month's final 49.7 and emerging above the break-even 50 line for the first time in three months.

☆ Traders will anxiously watch the Bank of Japan
▼ + stars: | 2022-12-19 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, Dec 19 (Reuters Breakingviews) - Shorting the Bank of Japan (8301.T) is the trade of 2023. Gyrations in Japanese bond yields resulting from an abrupt increase in benchmark interest rates could force indebted domestic entities to dump overseas assets, roiling global markets. The question on traders’ collective mind is what happens when the central bank finally adjusts its “yield-curve control” policy, or YCC, which has held down government bond yields for more than six years. A higher-than-expected wage hike resulting from springtime negotiations could persuade officials that salaries are offsetting higher prices, bolstering the case for normalising interest rates. Meanwhile higher interest rates would allow Japanese companies to earn better returns on their 325 trillion yen ($2.4 trillion) cash hoard.

☆ Japan Dec factory activity contracts at fastest pace in 26 months
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Dec 16 (Reuters) - Japan's manufacturing activity shrank at the fastest pace in more than two years in December on soft demand and persistent cost pressures, a corporate survey showed on Friday. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) was down to a seasonally adjusted 48.8 in December from a final reading of 49.0 in the previous month. Output and new orders extended their contraction for a sixth month in December, although at slower paces than last month. The au Jibun Bank flash services PMI rose to a seasonally adjusted 51.7 in December, from the previous month's 50.3 final, the survey showed. With subdued manufacturers and robust services, the au Jibun Bank Flash Japan composite PMI stood on the break-even line of 50.0, up from a final 48.9 last month.

☆ Japan Nov factory activity shrinks at quickest pace in 2 years
▼ + stars: | 2022-11-24 | by ( Cynthia Kim | Jihoon Lee | ) www.reuters.com time to read: +2 min

TOKYO, Nov 24 (Reuters) - Japan's manufacturing activity contracted at the fastest pace in two years in November as demand worsened due to strong inflationary pressures, a business survey showed on Thursday. The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally adjusted 49.4 in November from a final reading of 50.7 in the previous month. Output contracted at the quickest pace in 26 months, falling for the fifth consecutive month, the survey results showed. Activity in the services sector stagnated even as new business inflows grew for a third straight month, the data showed. The au Jibun Bank Flash Services PMI Index came in at a seasonally adjusted 50.0 in November, down from the previous month's 53.2 final, the survey showed.

☆ Japan October factory growth slows to 21-month low, but services pick up
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) eased to a seasonally adjusted 50.7 in October, down from the prior month's final 50.8. Growth in the services sector picked up, however. The au Jibun Bank Flash Services PMI Index expanded for a second month, rising to a seasonally adjusted 53.0 in October after September's 52.2 final, according to the survey. Earlier this month, Japan reopened its borders to individual foreign tourists after more than two years of pandemic isolation. The au Jibun Bank Flash Japan Composite PMI, which is estimated by using both manufacturing and services, also accelerated, rising to 51.7 from the prior month's final 51.0, it showed.

☆ Japan's factory activity expands at slowest pace in 20 months
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) slipped to a seasonally adjusted 51.0 in September from the prior month's final of 51.5. The headline figure marked the slowest expansion since January 2021, although it stayed above the 50-mark that separates contraction from expansion. Register now for FREE unlimited access to Reuters.com RegisterIt was pulled down by struggling output and overall new orders, both of which contracted for the third consecutive month. The au Jibun Bank Flash Services PMI Index returned to expansion, coming in at a seasonally adjusted 51.9 in September from August's 49.5 final, the survey also showed. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daniel Leussink; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

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