Japan Jibun preliminary manufacturing PMI for August: 52.4 (expected 53.4, prior 53.0)

Jibun / Markit flash manufacturing PMI for August, wilting from July but still in expansion. 

  • Services: 43.5
    (vs. July’s 47.4) 
  • Composite: 45.9
    (July 48.8)

Commentary from the report, in brief:

  • weaker demand to ongoing COVID-19 restrictions, coupled with sustained supply chain pressures
  • decline in overall private sector activity was led by the larger services sector, where business activity fell for the nineteenth consecutive month and at the quickest pace since May 2020
  • While manufacturers pointed to continued output growth, the rate of expansion softened from July
  • Japanese private sector businesses noted that the recent surge in COVID-19 cases related to the Delta variant had dampened prospects in the latest survey period, as firms indicated the softest degree of optimism regarding the year-ahead outlook for one year. That said, positive sentiment was solid overall as vaccination rates continued to increase markedly.


Invest in yourself. See our forex education hub.


Articles You May Like

Libertex.org Review: Analyzing the Trading Platforms and Account Types Offered
IC Markets Review: Tight Spreads, Reliable Execution, and Robust Trading Platforms
UK expect doing business in China to become harder over the next five years
Gold records its worst weekly fall this year on hawkish Fed minutes
Gold gains today, still ends week down over 3%

Leave a Reply

Your email address will not be published. Required fields are marked *