Japan September preliminary Manufacturing PMI 48.6 (prior 49.6)

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Japan September preliminary Manufacturing PMI 48.6 (prior 49.6)

Jibun Bank / S&P Global data

• Manufacturing purchasing managers' index (PMI) fell to a in September from 49.6 in August
  • The manufacturing PMI is in contraction for the fourth straight month
  • the rate of input price inflation hit a four-month high
• The flash Services PMI for the month comes in at 53.3 in September from 54.3 in August
  • an eight-month low
• Composite PMI 51.8 in
  September from 52.6 in August

Still to come from Japan today, the Bank of Japan statement.

• Bank of Japan statement due today - previews - Ueda under pressure on weak yen
• Economic calendar in Asia Friday, 22 September 2023 - Bank of Japan policy statement due

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

Source: Japan September preliminary Manufacturing PMI 48.6 (prior 49.6)

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