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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:

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.

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