Economic Indicators

Japan’s May factory activity grows at slowest rate in 3 months – flash PMI

2022.05.24 03:50

Japan's May factory activity grows at slowest rate in 3 months - flash PMI
FILE PHOTO: Women wearing protective masks walk in a shopping district, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan, February 15, 2022. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Japan’s manufacturing activity expanded at the slowest pace in three months in May, as supply bottlenecks due to parts shortages and China’s COVID-19 lockdowns caused output and new orders growth to slow.

Activity in the services sector improved for the second consecutive month on stronger domestic demand due to the fading impact of the pandemic, though service-sector firms faced a drag from the sharpest rise in input prices on record.

The au Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index (PMI) slipped to a seasonally adjusted 53.2 in May from a final 53.5 in April. The 50-mark separates contraction from expansion.

Output and overall new orders both expanded at their slowest rate in three months, as uncertainty over the outlook for price and supply developments lingered.

New overseas orders shrank at the fastest pace since July 2020 in a sign of cooling demand from China, Asia’s top economy and Japan’s biggest trading partner.

Manufacturers’ input prices rose for the 24th straight month at an increasingly fast pace, while delivery times lengthened to the greatest extent since April 2011.

“Private sector firms reported that the reduced impact of COVID-19 had lifted services activity, most notably in the tourism sector,” said Usamah Bhatti, economist at S&P Global (NYSE:SPGI) Market Intelligence, which compiles the survey.

“That said, the renewed introduction of lockdown measures across China and economic sanctions placed on Russia amid the Ukraine war had exacerbated supply chain disruptions, with greater reports of material shortages and severe delivery delays.”

The au Jibun Bank Flash Services PMI Index improved to a seasonally adjusted 51.7 in May from the prior month’s 50.7 final, pushing up the composite index despite the slower manufacturing activity expansion.

The au Jibun Bank Flash Japan Composite PMI, which is calculated by using both manufacturing and services, rose to 51.4 from a final of 51.1 in April.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 100,226.85 4.60%
ethereum
Ethereum (ETH) $ 3,137.97 6.05%
xrp
XRP (XRP) $ 2.93 6.38%
tether
Tether (USDT) $ 0.999672 0.04%
solana
Solana (SOL) $ 231.65 10.12%
bnb
BNB (BNB) $ 652.00 5.45%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.321191 9.30%
cardano
Cardano (ADA) $ 0.905841 8.15%
staked-ether
Lido Staked Ether (STETH) $ 3,131.21 6.10%
tron
TRON (TRX) $ 0.240196 5.23%
chainlink
Chainlink (LINK) $ 23.47 8.36%
avalanche-2
Avalanche (AVAX) $ 34.63 7.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 100,253.86 4.26%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,724.25 6.47%
the-open-network
Toncoin (TON) $ 4.83 4.98%
stellar
Stellar (XLM) $ 0.390226 7.34%
hedera-hashgraph
Hedera (HBAR) $ 0.309419 9.32%
sui
Sui (SUI) $ 3.69 11.56%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 9.04%
weth
WETH (WETH) $ 3,134.29 6.18%
leo-token
LEO Token (LEO) $ 9.73 0.13%
polkadot
Polkadot (DOT) $ 5.84 7.88%
litecoin
Litecoin (LTC) $ 112.78 9.03%
bitcoin-cash
Bitcoin Cash (BCH) $ 413.70 6.49%
bitget-token
Bitget Token (BGB) $ 6.77 13.02%
hyperliquid
Hyperliquid (HYPE) $ 20.38 16.13%
usds
USDS (USDS) $ 0.99944 0.03%
uniswap
Uniswap (UNI) $ 10.70 12.86%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,313.29 6.28%
ethena-usde
Ethena USDe (USDE) $ 0.99888 0.16%
near
NEAR Protocol (NEAR) $ 4.56 9.66%
pepe
Pepe (PEPE) $ 0.000013 14.70%
official-trump
Official Trump (TRUMP) $ 26.36 15.41%
aave
Aave (AAVE) $ 299.75 9.41%
mantra-dao
MANTRA (OM) $ 4.62 4.29%
aptos
Aptos (APT) $ 7.25 13.70%
ondo-finance
Ondo (ONDO) $ 1.30 9.32%
internet-computer
Internet Computer (ICP) $ 8.52 7.23%
monero
Monero (XMR) $ 219.67 1.63%
whitebit
WhiteBIT Coin (WBT) $ 28.09 1.10%
ethereum-classic
Ethereum Classic (ETC) $ 25.79 4.62%
mantle
Mantle (MNT) $ 1.10 8.28%
dai
Dai (DAI) $ 1.00 0.06%
vechain
VeChain (VET) $ 0.043572 9.37%
crypto-com-chain
Cronos (CRO) $ 0.128905 6.64%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.413382 5.65%
bittensor
Bittensor (TAO) $ 417.76 3.07%
render-token
Render (RENDER) $ 6.27 10.72%
kaspa
Kaspa (KAS) $ 0.12456 5.99%