Latest news with #auJibunBank
Reuters
03-07-2025
- Business
- Reuters
Japan's service activity growth picks up in June, PMI shows
TOKYO, July 3 (Reuters) - Japan's service sector activity expanded at a slightly faster pace in June, with business confidence improving to a four-month high, a private sector survey showed on Thursday. The final au Jibun Bank Japan Services purchasing managers' index (PMI) rose to 51.7 in June from 51.0 in May, topping the flash figure of 51.5 and marking a third consecutive month of growth. Readings above 50.0 indicate expansion in activity, while those below that level point to a contraction on a monthly basis. Overall new order growth accelerated slightly from May. But the increase in new export business, generally attributed to tourist activities, decelerated to the slowest since December. Service firms' business confidence on a 12-month outlook improved to a four-month high in June, with companies citing expansion plans, staff hiring and new product rollouts, according to the survey. As a result, employment in the sector grew at the fastest pace since January. Input price inflation eased to a six-month low, but output inflation rose to the fastest rate in 14 months, as service firms continued to pass higher labour, fuel and other costs onto their customers. The upturn in services, coupled with factory activities' return to growth for the first time in about a year, helped lift the composite PMI to 51.5 in June from 50.2 in May, marking the strongest overall business activity growth since February. "However, market confidence and trading conditions remain subdued, in part due to lingering uncertainty over U.S. tariffs," said Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, which compiled the survey. "The PMI data signalled that overall growth momentum slowed in the second quarter compared to the first quarter of 2025, to suggest an easing of GDP growth," Fiddes added. Japan's GDP shrank by an annualised 0.2% in the January-March quarter due to falling exports and lacklustre domestic consumption even before the full blow of U.S. President Donald Trump's tariffs hit the economy.
CNA
03-07-2025
- Business
- CNA
Japan's service activity growth picks up in June, PMI shows
TOKYO :Japan's service sector activity expanded at a slightly faster pace in June, with business confidence improving to a four-month high, a private sector survey showed on Thursday. The final au Jibun Bank Japan Services purchasing managers' index (PMI) rose to 51.7 in June from 51.0 in May, topping the flash figure of 51.5 and marking a third consecutive month of growth. Readings above 50.0 indicate expansion in activity, while those below that level point to a contraction on a monthly basis. Overall new order growth accelerated slightly from May. But the increase in new export business, generally attributed to tourist activities, decelerated to the slowest since December. Service firms' business confidence on a 12-month outlook improved to a four-month high in June, with companies citing expansion plans, staff hiring and new product rollouts, according to the survey. As a result, employment in the sector grew at the fastest pace since January. Input price inflation eased to a six-month low, but output inflation rose to the fastest rate in 14 months, as service firms continued to pass higher labour, fuel and other costs onto their customers. The upturn in services, coupled with factory activities' return to growth for the first time in about a year, helped lift the composite PMI to 51.5 in June from 50.2 in May, marking the strongest overall business activity growth since February. "However, market confidence and trading conditions remain subdued, in part due to lingering uncertainty over U.S. tariffs," said Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, which compiled the survey. "The PMI data signalled that overall growth momentum slowed in the second quarter compared to the first quarter of 2025, to suggest an easing of GDP growth," Fiddes added. Japan's GDP shrank by an annualised 0.2 per cent in the January-March quarter due to falling exports and lacklustre domestic consumption even before the full blow of U.S. President Donald Trump's tariffs hit the economy.
Reuters
23-06-2025
- 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.
Bloomberg
23-06-2025
- Business
- Bloomberg
Japan PMI Pickup Points to Front-loading Ahead of US Tariff Jump
Japan's manufacturing activity expanded for the first time in more than a year in June in a likely sign of front-loading of output ahead of a scheduled increase in US tariffs next month. The au Jibun Bank purchasing managers' index of manufacturing activity rose to 50.4 from 49.4 in May, crossing the boom-or-bust 50 threshold for its highest reading since May 2024, according to data released Monday by S&P Global. The index for services also increased to 51.5 from 51.0.
The Star
23-06-2025
- 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
