FLJP - Japan's Private Sector Returns To Growth At Start Of 2024 While Price Pressures Ease
2024-01-24 11:05:00 ET
Summary
- Japan's private sector expanded for the first time since October, though led mainly by services growth, according to the latest flash PMI data.
- Positive signs have been observed across other forward-looking indicators, notably including the PMI backlogs of work index, which stabilised over the latest survey period.
- Price pressures have meanwhile eased within Japan's private sector at the start of 2024, though both input cost and output price inflation rates remained above-average, broadly supporting convictions of a Bank of Japan exit from current negative interest rate regime.
Japan's private sector expanded for the first time since October, though led mainly by services growth, according to the latest flash PMI data. This was as services new business rose at the quickest pace in four months, although manufacturing new orders also fell at a shallower pace....
Japan's Private Sector Returns To Growth At Start Of 2024, While Price Pressures Ease