S&P Global: Japan’s manufacturing activity falls in Sep. ’24

Japan’s manufacturing sector continued to contract in September 2024, according to the latest survey released by S&P Global.

The au Jibun Bank Japan Manufacturing PMI registered a reading of 49.8 in September, down slightly from 49.9 in August.

The PMI is a composite index that measures the overall health of the manufacturing sector based on five key indicators: New Orders, Output, Employment, Suppliers’ Delivery Times, and Stocks of Purchases.

Japan’s manufacturing sector continued its downward trajectory in September, with the headline au Jibun Bank Flash Japan PMI falling slightly to 49.6 from 49.8 in August, marking the third consecutive month of contraction in the sector.

Attribution: S&P Global report

Subediting: M. S. Salama