empty
 
 

2023.06.0101:23:00UTC+00Japan Manufacturing Sector Moves To Expansion In May - Jibun

The manufacturing sector in Japan climbed back into expansion territory in May, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 50.6.

That's up from 49.5, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

May data pointed to a rise in output levels for the first time since June 2022 and, although only marginal, the rate of expansion was the fastest for one year. Renewed growth of manufacturing production was attributed to improving domestic economic conditions and a subsequent turnaround in client spending.

Total new work increased at the fastest pace since April 2022, albeit only marginally overall. Greater business and consumer confidence had helped to lift overall customer demand, according to survey respondents.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback