Japan flash PMIs (July): Manufacturing 49.2 (prior 50.0) Services 53.9 (prior 49.4)

Jibun Bank S&P Global PMI Flash / Preliminary for July 2024 for Japan

Manufacturing PMI 49.2, first time under 50 (and into contraction) in 3 month

• expected 50.5, prior 50.0
• sub indexes show that output and new orders fell slightly, higher prices weigh on margins (input cost inflation to the highest since April 2023)
• new orders weakest since February

Services 53.9, to a 3 month high

• prior 49.4

Composite 52.6

• prior 49.7

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