UTC+8 ( BJT)

Japan’s August manufacturing PMI ebbs to 52.7

ABSTRACT

In August, Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry ebbed from the recent high in July, down 0.3 basis points on month to 52.7, mainly due to the adverse impact of the rising COVID-19 cases both domestically and in Southeast Asia, according to data released on September 1 by index compiler au Jibun Bank Corporation, though the country’s manufacturing had been in expansion since February, Mysteel Global notes.
In August, the production of Japanese manufacturers rose on-month for the seventh month though at a slower pace, and new orders also rose in volume though with the growth at the lowest since January, as new waves of COVID-19 cases in and out of Japan has triggered more stringent lock-down measures,

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