Japan April 2024 Manufacturing PMI (final) 49.6 (flash was 49.9, prior 48.2)

Jibun Bank S&P Global Manufacturing PMI for April 2024. This is the final reading, comes in at 49.6 for the slowest contraction in eight months:

• the preliminary was 49.9
• prior 48.2

More:

• output and new orders slipped for an 11th straight
  month, the pace of falls eased
• new orders shrank due to sluggish demand
• new export orders contracted due to low demand from
  key export markets such as China and the U.S.
• input costs picked up, higher prices were seen in many goods, especially metals – the weak yen a factor due to pushing up import prices in local currency

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USD/JPY update:

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