Japan Einkaufsmanagerindex Composite

The au Jibun Bank Flash Japan Composite PMI was at 49.8 in November 2024, up from 49.6 in the previous month, preliminary data showed. However, this marked the second consecutive month of contraction in private sector activity. The service sector saw a modest renewal in growth while manufacturing output declined for the fifth consecutive month. Demand conditions stalled, indicated by stagnant new orders and a further drop in foreign orders. However, employment growth reached a four-month high, accompanied by a rise in outstanding business for the first time since April. Cost pressures remained elevated due to rising raw material prices and a weak yen. Although input cost inflation eased, output prices increased at a faster rate. Finally, overall confidence improved.