Latest news with #AnnabelFiddes
Reuters
6 days ago
- Business
- Reuters
Japan factory activity returns to growth after 11-month contraction, PMI shows
TOKYO, June 23 (Reuters) - Japan's manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over U.S. tariffs and the global economic outlook, a private-sector survey showed on Monday. Meanwhile, the service sector's expansion accelerated, pushing overall business activity to a four-month high, offering a counterbalance to the export-reliant factory sector amid diminished prospects for an early Japan-U.S. trade deal. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) rose to 50.4 from May's final 49.4, ending 11 months of readings below the 50.0 threshold that indicate contraction. Among sub-indexes, factory output and stocks of purchases rebounded to growth from multi-month contraction, driving up the headline manufacturing PMI. However, new orders for manufactured goods, including from overseas customers, continued to decline, the survey showed. "Companies indicated that U.S. tariffs and lingering uncertainty over the global trade outlook continued to inhibit customer demand," said Annabel Fiddes, economics associate director at S&P Global Market Intelligence, which compiled the survey. Manufacturers' confidence about their year-ahead output remained mostly unchanged from May. By contrast, the au Jibun Bank flash services PMI increased to 51.5 in June from 51.0 in May, thanks to new business growth, although growth for export businesses slowed slightly. Combining both manufacturing and service activity, the au Jibun Bank flash Japan composite PMI rose to 51.4 in June from May's 50.2, reaching its highest level since February. Cost pressures across the private sector eased in June, with input prices rising at the slowest rate in 15 months, though output price inflation accelerated to a four-month high, the composite data showed. Employment was another bright spot, with workforce numbers increasing at the quickest pace in 11 months across both manufacturing and services sectors.
The Star
6 days ago
- Business
- The Star
Japan factory activity returns to growth after 11-month contraction, PMI shows
Photographer: Kiyoshi Ota/Bloomberg TOKYO: Japan's manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over U.S. tariffs and the global economic outlook, a private-sector survey showed on Monday. Meanwhile, the service sector's expansion accelerated, pushing overall business activity to a four-month high, offering a counterbalance to the export-reliant factory sector amid diminished prospects for an early Japan-U.S. trade deal. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) rose to 50.4 from May's final 49.4, ending 11 months of readings below the 50.0 threshold that indicate contraction. Among sub-indexes, factory output and stocks of purchases rebounded to growth from multi-month contraction, driving up the headline manufacturing PMI. However, new orders for manufactured goods, including from overseas customers, continued to decline, the survey showed. "Companies indicated that U.S. tariffs and lingering uncertainty over the global trade outlook continued to inhibit customer demand," said Annabel Fiddes, economics associate director at S&P Global Market Intelligence, which compiled the survey. Manufacturers' confidence about their year-ahead output remained mostly unchanged from May. By contrast, the au Jibun Bank flash services PMI increased to 51.5 in June from 51.0 in May, thanks to new business growth, although growth for export businesses slowed slightly. Combining both manufacturing and service activity, the au Jibun Bank flash Japan composite PMI rose to 51.4 in June from May's 50.2, reaching its highest level since February. Cost pressures across the private sector eased in June, with input prices rising at the slowest rate in 15 months, though output price inflation accelerated to a four-month high, the composite data showed. Employment was another bright spot, with workforce numbers increasing at the quickest pace in 11 months across both manufacturing and services sectors. - Reuters
CNA
6 days ago
- Business
- CNA
Japan factory activity returns to growth after 11-month contraction, PMI shows
TOKYO: Japan's manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over US tariffs and the global economic outlook, a private-sector survey showed on Monday (Jun 23). Meanwhile, the service sector's expansion accelerated, pushing overall business activity to a four-month high, offering a counterbalance to the export-reliant factory sector amid diminished prospects for an early Japan-US trade deal. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) rose to 50.4 from May's final 49.4, ending 11 months of readings below the 50.0 threshold that indicate contraction. Among sub-indexes, factory output and stocks of purchases rebounded to growth from multi-month contraction, driving up the headline manufacturing PMI. However, new orders for manufactured goods, including from overseas customers, continued to decline, the survey showed. "Companies indicated that U.S. tariffs and lingering uncertainty over the global trade outlook continued to inhibit customer demand," said Annabel Fiddes, economics associate director at S&P Global Market Intelligence, which compiled the survey. Manufacturers' confidence about their year-ahead output remained mostly unchanged from May. By contrast, the au Jibun Bank flash services PMI increased to 51.5 in June from 51.0 in May, thanks to new business growth, although growth for export businesses slowed slightly. Combining both manufacturing and service activity, the au Jibun Bank flash Japan composite PMI rose to 51.4 in June from May's 50.2, reaching its highest level since February. Cost pressures across the private sector eased in June, with input prices rising at the slowest rate in 15 months, though output price inflation accelerated to a four-month high, the composite data showed. Employment was another bright spot, with workforce numbers increasing at the quickest pace in 11 months across both manufacturing and services sectors.
Business Times
6 days ago
- Business
- Business Times
Japan's factory activity returns to growth after 11-month contraction: PMI
[TOKYO] Japan's manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over US tariffs and the global economic outlook, a private-sector survey showed on Monday. Meanwhile, the service sector's expansion accelerated, pushing overall business activity to a four-month high, offering a counterbalance to the export-reliant factory sector amid diminished prospects for an early Japan-US trade deal. The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) rose to 50.4 from May's final 49.4, ending 11 months of readings below the 50.0 threshold that indicate contraction. Among sub-indexes, factory output and stocks of purchases rebounded to growth from multi-month contraction, driving up the headline manufacturing PMI. However, new orders for manufactured goods, including from overseas customers, continued to decline, the survey showed. 'Companies indicated that US tariffs and lingering uncertainty over the global trade outlook continued to inhibit customer demand,' said Annabel Fiddes, economics associate director at S&P Global Market Intelligence, which compiled the survey. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Manufacturers' confidence about their year-ahead output remained mostly unchanged from May. By contrast, the au Jibun Bank flash services PMI increased to 51.5 in June from 51.0 in May, thanks to new business growth, although growth for export businesses slowed slightly. Combining both manufacturing and service activity, the au Jibun Bank flash Japan composite PMI rose to 51.4 in June from May's 50.2, reaching its highest level since February. Cost pressures across the private sector eased in June, with input prices rising at the slowest rate in 15 months, though output price inflation accelerated to a four-month high, the composite data showed. Employment was another bright spot, with workforce numbers increasing at the quickest pace in 11 months across both manufacturing and services sectors. REUTERS
The Star
04-06-2025
- Business
- The Star
Japan's services sector growth slows in May on weaker demand
New business growth in the service sector eased to its slowest pace since November. — Reuters TOKYO: Growth in Japan's service-sector activity slowed in May on weaker demand, offering little to mitigate falling factory activity and resulting in a near-zero growth for business overall, a private-sector survey shows. The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to 51 in May from 52.4 in April. An index reading above 50 indicates growth and a reading below indicates contraction. New business growth in the service sector eased to its slowest pace since November, while employment growth in services was the weakest rate since December 2023, the survey showed. Service-sector managers' confidence in their future outlook improved to a three-month high in May from April's four-year low, but the overall level stayed weaker than the post-pandemic average, according to the survey. 'Concerns over the outlook often stem from uncertainty over future global demand, as well as labour shortages and rising costs,' said Annabel Fiddes, economics associate director at S&P Global Market Intelligence, which compiled the survey. 'The latter was highlighted by a further steep increase in input prices, to suggest that official inflation data will remain strong.' — Reuters
