Japan April 2024 Manufacturing PMI (final) 49.6 (flash was 49.9, prior 48.2)

Jibun Bank S&P Global Manufacturing PMI for April 2024. This is the final reading, comes in at 49.6 for the slowest contraction in eight months:

the preliminary was 49.9prior 48.2


output and new orders slipped for an 11th straight
month, the pace of falls easednew orders shrank due to sluggish demandnew export orders contracted due to low demand from
key export markets such as China and the U.S. input costs picked up, higher prices were seen in many goods, especially metals – the weak yen a factor due to pushing up import prices in local currency


USD/JPY update:

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