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日本12月制造业继续萎靡 PMI终值升至49.6

Japan's manufacturing sector continued to be sluggish in December, with the PMI final value rising to 49.6.

Zhitong Finance ·  Dec 30, 2024 11:30

A private survey released on Monday showed that Japan's manufacturing activity contracted at a slower pace in December, as production and new Orders declined at a slower rate, gradually stabilizing after a recent downturn.

The Zhitung Finance APP noted that a private survey released on Monday showed that Japan's manufacturing activity in December slowed down in its contraction speed, as production and new Orders decline also decelerated, stabilizing gradually after recent declines.

The final value of the manufacturing Purchasing Managers' Index (PMI) released by Japan's Banks rose to 49.6 in December, the mildest contraction in three months. This Index is slightly higher than the initial value of 49.5 and November's 49.0, but it has remained below the breakeven point of 50.0 for six consecutive months.

Usamah Bhatti from S&P Global Market Intelligence said, "Overall data is closer to neutral due to the slowdown in both output and new Orders."

In December last year, the production classification Index contracted for the fourth consecutive month, though the pace of contraction was slower than the previous month. Manufacturers indicated that the decrease in new Orders was the main factor behind the decline in output.

Due to sluggish domestic and key overseas market demand, new Orders have contracted for the 19th consecutive month. Some surveyed companies suggested that the weakness in new Orders was related to the Semiconductors market.

In December last year, employment numbers showed growth, reversing the decline trend of November, reaching the highest level since April this year. Surveyed companies indicated that they hired more workers due to labor shortages and in preparation for future demand.

Due to companies believing that the costs of raw materials and labor are rising, input prices are increasing at the strongest rate since August. The weak yen is also fueling inflation. In response to the rising prices, companies have raised product prices at the fastest pace in five months.

Manufacturing companies believe that with the launch of new products and mass production, the business will expand, thus they are full of confidence in the prospects.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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