Japan's factory activity expands at strongest pace in 4 years, PMI shows
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Japan's manufacturing activity expanded at its strongest pace in four years in April, with the S&P Global flash Manufacturing PMI rising to 54.9 from 51.6 in March. Concerns over potential supply shortages due to tensions in the Middle East drove this increase. However, service sector activity slowed, with the services PMI falling to 51.2. Price pressures intensified, with input costs rising sharply, and business confidence weakened, reaching its lowest level since August 2020. The composite PMI slipped to 52.4 as slower service growth offset manufacturing gains.
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Source: CNA The copyright of this article belongs to the original author/organization.
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