S&P Global: Japan’s manufacturing contraction eases slightly in Dec. ’24

The au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) improved slightly to 49.6 in December from 49.0 in November, indicating a small decline in the Japanese manufacturing sector.

The latest data indicate a slight slowdown in output decline towards the end of the year. Firms attributed this to subdued demand, with some mentioning new product launches, according to S&P Global recent report released on Monday.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser