Japan Manufacturing PMI in Freefall: Deepest Contraction in Two Years ...Middle East

Japan S&P Global / Jibun Bank Manufacturing PMI for February 2024 has come in at 47.2flash 47.2prior 48.0ninth straight month of contractionthe fastest drop since August 2020From the report:"Depressed demand in domestic and international markets continued to weigh on sector performance"production and new orders, the two main subindexes of the PMI, declined at the fastest pace in a yearexport sales have remained in contraction for two yearsemployment shrank at the steepest pace since January 2021shipping delays due to disruption in the Red Sea and the impact of Japan's Noto earthquake on New Year's Dayprice pressures remained strong on higher raw material, energy, labour, oil and transport co

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