Japan Jibun Bank PMI Manufacturing (final ) for May 2025 49.4, confirming an 11th consecutive month of contraction for the sector
- preliminary 49.0
- prior 48.7
Japan’s manufacturing sector edged closer to stabilisation in May, according to the latest survey from S&P Global, which showed milder declines in key indicators alongside a notable uptick in employment.
Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, said the May Purchasing Managers’ Index (PMI) pointed to a softening of recent weakness:
“Manufacturing conditions in Japan moved closer to stabilisation in May, according to latest PMI data, with companies signalling a softer decline in sales and improved jobs growth. The downturn in output was meanwhile relatively mild and similar to that seen in April.”
While output and new orders continued to fall, the pace of contraction was less severe than in previous months. Firms continued to grapple with subdued global demand, with many citing U.S. tariffs and rising client caution as key drags on both production and order volumes.
“Businesses noted that subdued global demand conditions, influenced by US tariffs and increased client hesitancy, negatively impacted new orders and production schedules,” Fiddes added.
Despite the challenges, manufacturers showed signs of growing confidence. Optimism about future output rose in May, with firms increasingly hopeful about a recovery in global conditions. This growing sentiment was reflected in hiring trends:
“There were tentative signs of a potential improvement in the sector’s performance over the coming year… Staffing levels increased at the fastest pace in over a year, as firms aimed to build capacity in anticipation of improvements in global demand conditions.”
The data suggests Japan’s industrial sector is beginning to stabilise after months of weakness, though global trade headwinds remain a key risk.
Out at the same time were:
South Korea Manufacturing PMI (May) 47.7
- prior 47.5
Taiwan 48.6
- prior 47.8
Vietnam 49.8
- prior 45.6
This article was written by Eamonn Sheridan at www.forexlive.com.Japan Jibun Bank PMI Manufacturing (final ) for May 2025 49.4, confirming an 11th consecutive month of contraction for the sectorpreliminary 49.0
prior 48.7Japan’s manufacturing sector edged closer to stabilisation in May, according to the latest survey from S&P Global, which showed milder declines in key indicators alongside a notable uptick in employment.Annabel Fiddes, Economics Associate Director at S&P Global Market Intelligence, said the May Purchasing Managers’ Index (PMI) pointed to a softening of recent weakness:“Manufacturing conditions in Japan moved closer to stabilisation in May, according to latest PMI data, with companies signalling a softer decline in sales and improved jobs growth. The downturn in output was meanwhile relatively mild and similar to that seen in April.”While output and new orders continued to fall, the pace of contraction was less severe than in previous months. Firms continued to grapple with subdued global demand, with many citing U.S. tariffs and rising client caution as key drags on both production and order volumes.“Businesses noted that subdued global demand conditions, influenced by US tariffs and increased client hesitancy, negatively impacted new orders and production schedules,” Fiddes added.Despite the challenges, manufacturers showed signs of growing confidence. Optimism about future output rose in May, with firms increasingly hopeful about a recovery in global conditions. This growing sentiment was reflected in hiring trends:“There were tentative signs of a potential improvement in the sector’s performance over the coming year… Staffing levels increased at the fastest pace in over a year, as firms aimed to build capacity in anticipation of improvements in global demand conditions.”The data suggests Japan’s industrial sector is beginning to stabilise after months of weakness, though global trade headwinds remain a key risk.Out at the same time were:South Korea Manufacturing PMI (May) 47.7
prior 47.5Taiwan 48.6prior 47.8Vietnam 49.8prior 45.6
This article was written by Eamonn Sheridan at www.forexlive.com. Read MoreNews
Forexlive RSS Breaking News Feed
