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Japan's factory activity shows slower decline in December, PMI indicates

share-iconMonday, December 30 comment-icon3 weeks ago 7 views
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reutersREUTERS
Japan's factory activity shows slower decline in December, PMI indicates

Credited from: REUTERS

  • Japan's factory activity contracted at a slower pace in December, indicating improvements in production and new order intakes.
  • The final purchasing managers' index (PMI) rose to 49.6, marking the softest contraction in three months.
  • Despite improvements, the index remains below the 50.0 mark, suggesting continued contraction for the sixth consecutive month.
  • Input prices rose significantly due to increased raw material costs and a weak yen, leading firms to raise output prices.
  • Manufacturers remain optimistic about future business prospects with expectations of growth driven by new product launches.

Read more about Japan's factory activity in the full article here.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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