Japan Final Manufacturing PMI for March 2024 comes in at 48.2 (flash 48.2, prior 47.2)

The preliminary (flash) and prior for this is here:

• Japan March preliminary PMIs: Manufacturing 48.2 (prior 47.2) Services 54.9 (prior 52.9)

The final for manufacturing is a slightly improved (from February) 48.2. Still in contraction.

• contracted for the 10th consecutive month
• highest in 4 months, since November 2023
• output and new orders declined at a slower
  pace than in February
• new export
  orders declined at the fastest pace since February 2023, global demand remains a major headwind
• input inflation the slowest since February 2021
• output inflation accelerated for the first time in nearly a year and hit a three-month high
• employment rose at the quickest pace since July

Services final PMI will be out later in the week.

This article was written by Eamonn Sheridan at www.forexlive.com.