Japon Pmi Composite

The au Jibun Bank Japan Composite PMI was at 52.9 in August 2024, compared with a flash figure of 53.0. The latest result followed July's reading of 52.5, pointing to the highest print since May 2023 while indicating the seventh time of expansion in private sector activity year to date. The service economy grew solidly, expanding in 23 of the past 24 months. Meanwhile, manufacturing output rose at the strongest pace since May 2022. New orders increased again, with the rate of rise edging slightly up. Stronger order books reflected a moderate gain in the service sector while manufacturers indicated a modest fall in new work. On prices, input cost rose at a further marked pace. That said, prices charged increased at the softest pace since February 2022, as firms looked to keep their prices competitive. Finally, sentiment weakened to its lowest since January 2023 despite remaining much stronger than the series average.