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☆ Japan's factory activity extends declines in September
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Oct 2 (Reuters) - Japan's factory activity fell at the fastest pace in seven months in September, a survey showed on Monday, as worsening global economic conditions continued to weaken demand. Output in September was the lowest since June while the decline in new orders was the steepest since February, S&P Global Market Intelligence data showed. "Depressed economic conditions domestically and globally weighed heavily on the sector," said Usamah Bhatti, economist at S&P Global Market Intelligence, which compiled the survey. The yen has come under pressure in recent months, weighed by the Bank of Japan's ultra-loose monetary policy that has inflated the costs of imported goods and squeezed manufacturers. The pessimistic headline figure followed government data published last week that showed Japanese factory output remained flat in August.

Persons: Usamah Bhatti, Satoshi Sugiyama, Sam Holmes Organizations: Jibun Bank, P Global Market Intelligence, Bank of Japan's, Thomson Locations: TOKYO, Jibun Bank Japan, China, Taiwan

☆ Japan's factory activity falls on soft orders - PMI
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Aug 1 - Japan's factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions. Data on Monday showed Japan's factory output grew in June for the first time in two months thanks to solid auto production. Subindexes gauging new orders and output both stayed in the sub-50 territory in June for a second month. Japan has to date weathered worsening global economic conditions relatively well thanks to robust domestic service activity and ultra-loose monetary policy. On a brighter note, the S&P survey showed easing cost pressures for companies thanks to sliding fuel and commodity prices.

Persons: Usamah Bhatti, Bhatti, Sam Holmes Organizations: Jibun Bank, P Global Market Intelligence, Thomson Locations: TOKYO, Jibun Bank Japan, Japan

☆ Japan's service activity maintains firm pace as demand picks up - PMI
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

TOKYO, July 5 (Reuters) - Japan's service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday. The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May. That compared with the flash reading of 54.2 and remained well above the 50 threshold separating expansion from contraction for the 10th straight month. The composite PMI, which combines the manufacturing and services activity figures, slowed last month after peaking in May. The index dropped to 52.1 in June from 54.3 in May, staying above the break-even 50 mark for the sixth straight month.

Persons: Usamah Bhatti, Satoshi Sugiyama, Sam Holmes Organizations: Jibun Bank Japan Services, P Global Market Intelligence, Bank of Japan, PMI, Thomson Locations: TOKYO

☆ Japan factory activity slips back into contraction in June on soft orders
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

TOKYO, July 3 (Reuters) - Japan's factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown. Output and new orders, the subindexes that constitute the majority of the headline index, fell back to contraction, ending a brief rebound buoyed by improved business confidence. New orders from overseas customers decreased at the fastest rate in four months, notably reflecting feeble demand from China, Japan's biggest trade partner. The soft PMI reading came after Friday's government data showed Japanese manufacturing output falling more than expected in May, dented by automakers' parts shortage and production cuts. The rise in input and output prices were the slowest in 28 months and 21 months, respectively.

Persons: Usamah Bhatti, Kantaro, Shri Navaratnam Organizations: Jibun Bank, P Global Market Intelligence, Thomson Locations: TOKYO, Jibun Bank Japan, China, dented, Japan

☆ Japan's service activity expands at record pace in May
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

TOKYO, June 5 (Reuters) - Japan's service sector activity expanded at a record pace in May, a private-sector survey showed on Monday, thanks to a recovery in overseas demand and a surge of foreign tourists as pandemic restrictions were eased further. "The upward trend looks set to continue in the near and medium term," as outstanding business expanded at a record rate and business optimism held near an all-time high. The subindex measuring outstanding business rose at the fastest pace on record as disruptions caused by the pandemic continued to wane. Business expectations for the coming year remained robust, though the pace of increase slowed slightly from April, the survey showed. The composite PMI, which combines the manufacturing and services activity figures, expanded at the fastest pace since October 2013.

Persons: Usamah Bhatti, Kaori Kaneko, Kim Coghill Organizations: Jibun Bank Japan Services, P Global Market Intelligence, Service, PMI, Thomson Locations: TOKYO, Japan

☆ Japan's service activity grows at record pace in April
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 8 - Japan's services activity grew at a record pace in April, a private-sector survey showed on Monday, helped by a boost in consumer spending following the end of COVID-19 pandemic restrictions. New orders expanded at the fastest pace on record, the survey showed, citing a sharp return of spending for travel and tourism. "Around four times as many service providers expect an increase in activity as those that forecast a decline," Moore said. The subindex for employment expanded for a third month and at the fastest pace in four years, helped by stronger demand and confidence. The composite PMI, which combines the manufacturing and services figures, grew at the fastest pace since June 2022.

☆ Japan's service activity grows at record pace in April - PMI
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

☆ Japan's factory activity contracts at slower pace in April
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 1 (Reuters) - Japan's factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation amid a slower decline in new orders. New orders contracted at the softest pace since July while remaining below the 50.0 threshold for a tenth consecutive month as inbound demand stabilised moderately. Factory output also contracted for a tenth consecutive month, with some manufacturers citing that raw materials shortages had weighed on production. Input price inflation eased to its slowest pace since August 2021, although prices were still relatively high to due rising costs for raw materials. Employment grew at the strongest pace since October, while business confidence remained robust and little changed from March.

☆ Japan's March service-sector grows at fastest rate in over nine years - PMI
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +3 min

April 5 (Reuters) - Japan's services sector activity at the fastest pace in over nine years in March, a private sector survey showed on Wednesday, suggesting that the post-COVID bounce was gathering steam and providing some offset to a still-weak factory sector. The final au Jibun Bank Japan Services purchasing managers' index (PMI) rose to a seasonally adjusted 55.0 last month, from February's 54.0, marking the quickest rate of expansion since October 2013. The subindexes of new orders and overseas demand grew for a seventh month, rising at the fastest pace since February 2019 and December 2022, respectively. The subindex for employment expanded for a second month and at the fastest pace in ten months, as workloads and business expansion plans increased. The composite PMI, which combines the manufacturing and services figures, grew at the fastest pace since June 2022.

☆ Oil prices jump in blow to global inflation hopes
▼ + stars: | 2023-04-03 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Brent oil futures jumped $4.30 to $84.19 a barrel on news output would be cut by around 1.16 million barrels per day, while U.S. crude climbed $4.17 to $79.84. The change comes before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia. "That means that oil markets may potentially see around 1% of global oil supply or more being curtailed from May." The latest reductions could lift oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on Sunday. The rise in oil prices is bad news for Japan's trade balance given it imports most of its energy.

☆ Japan factory activity shrinks the most in 2-1/2 years
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

TOKYO, March 1 (Reuters) - Japan's factory activity shrank in February at the fastest pace in over two years, a private survey showed, highlighting companies' struggles amid a global economic slowdown, raw material inflation and policymakers' calls for higher wages. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index released on Wednesday fell to 47.7 in February from January's 48.9. Manufacturing output and new orders contracted for an eighth consecutive month and at the fastest rates in 31 months, the survey showed. On the brighter side, supplier delivery delays were the least prevalent in two years, the survey showed. The Bank of Japan remains an outlier in the current global monetary tightening phase, committing to maintaining ultra-low rates to shore up its COVID-ravaged economy.

☆ Asia markets trade mixed after Wall Street's tech-fueled rally
▼ + stars: | 2023-02-03 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

NANJING, CHINA - JANUARY 31: People purchase lanterns at Nanjing Confucius Temple ahead of the Lantern Festival on January 31, 2023 in Nanjing, Jiangsu Province of China. (Photo by VCG/VCG via Getty Images)Stocks in the Asia-Pacific were mixed on Friday after Wall Street's rally driven by technology stocks. The Nikkei 225 in Japan rose 0.28% and the Topix fell 0.09%. In South Korea, the Kospi also fell 0.06% at the open while the Kosdaq rose fractionally. The au Jibun Bank Japan Services Purchasing Managers' Index for January is slated to be published, after four months of readings marking growth.

☆ Japan's service-sector activity growth hits 4-month high -PMI
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 4 (Reuters) - Japan's services sector activity grew at the fastest clip in four months in October, a private survey showed on Friday, as the easing of restrictions on foreign tourism and an improvement in domestic travel boosted sentiment. Despite the pickup in activity, however, high import costs heaped pressure on the sector as prices of fuel, energy and raw materials increased. "However, inflationary pressures currently being faced by Japan's service providers continued to present downside risks to the sectors potential growth." October's final reading was slightly better than a 53.0 flash figure released last month, the survey showed. The composite PMI, which is calculated by combining the manufacturing and services readings, stood at 51.8 in October, up from the previous month's 51.0 final.

The Institute for Supply Management (ISM) said on Tuesday that its manufacturing PMI fell to 50.2 in October from 50.9 in September. China's Caixin/S&P Global manufacturing PMI stood at 49.2 in October, up from 48.1 in September. The private sector survey was in line with an official PMI released on Monday that showed China's factory activity unexpectedly fell in October. Japan's au Jibun Bank Japan Manufacturing PMI fell to 50.7 in October from September's 50.8 final, marking the weakest growth since January last year. India was an outlier with factory activity expanding at a stronger pace in October as demand remained solid.

☆ Asia's factory output weakens on global slowdown, China COVID curbs
▼ + stars: | 2022-11-01 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

The private sector survey was in line with an official PMI survey released on Monday that showed China's factory activity unexpectedly fell in October. Japan's au Jibun Bank Japan Manufacturing PMI fell to 50.7 in October from September's 50.8 final, marking the weakest growth since January last year. South Korea's factory activity shrank for a fourth month in October as orders for exports fell for an eighth month, the PMI showed. That followed data that showed South Korea's exports fell the most in 26 months with shipments to China, its largest market, extending declines. Factory activity in Indonesia expanded at a slower pace in October with the PMI standing at 51.8, down from 53.7 in September.

☆ Japan Oct factory growth hits 21-month low as China conditions worsen -PMI
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

The au Jibun Bank Japan Manufacturing Purchasing Managers' Index fell to a seasonally adjusted 50.7 in October from September's 50.8 final. "The latest survey data signalled that Japan's manufacturing sector lost further momentum in October," said Laura Denman, economist at S&P Global Market Intelligence, which compiles the survey. "Sluggish markets and weaker demand conditions, on both a domestic and international level, became a recurring trend," she said, adding that worsening conditions in China and South Korea hurt Japan's exports last month. Output and overall new orders both contracted for the fourth straight month, the survey results showed. Business expectations jumped to a nine-month high despite prolonged pressure from high input costs, according to the survey.

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