Jibun Bank Japan manufacturing purchasing managers index 49.8 in August (vs. 49.1 prior)

The flash reading for this is here:

• Japan data – August flash Manufacturing PMI 49.5 (prior 49.1) Services 54.0 (prior 53.7)

The final reading is 49.8, still below 50 and thus still in contraction.

From the report, in summary:

• softer and modest fall in new orders
• output returned to expansion for the second time
  in three months, reached the highest since May 2022
• employment growth picked up on the month
• the level of outstanding business continued to moderate
  sharply
• input price inflation strengthened to
  reach a 16-month high (higher raw material prices and exchange
  rate weakness)
• new export
  volumes declined at a rate that was the most
  marked since March amid evidence of low demand from key export
  markets including Mainland China and South Korea

Earlier from Japan:

• Japan Q2 business capex +7.4% y/y (vs. expected +9.9%)
• Yen on the move in early Asia Monday trade

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