Jibun Bank / S&P Global PMIs from Japan for December 2024
Services: 50.9, the strongest new business inflow in four months
- The highest value of the Flash category was 51.4.there is more about this introductory reading here)
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November was 50.5
More:
- Activity growth: A modest increase, supported by domestic demand, although export sales were declining.
- Employment: Payroll numbers increased for the 15th consecutive month, driven by business expansion efforts.
- Background: Business rose sharply for the second month due to higher demand.
- Inflation: Input and cost inflation remained high but stable, due to increases in raw materials and wage costs.
- Outlook: Businesses remained optimistic about 2025, although confidence was slightly below the 2024 average.
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Composite: 50.5, highest in three months
- The highest value of the Flash category was 50.8
- November was 50.1
More:
- Services Growth: A slight expansion in services offset a softer contraction in manufacturing output.
- New Business: New orders increased, led by gains in the service sector, although manufacturing saw a slight decline.
- Employment: Companies increased staffing levels slightly, supported by hope for a broader economic recovery.
- Inflation: Input and output prices rose sharply, with prices rising at the fastest pace since May.
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Meanwhile, USD/JPY has rebounded slightly:
This article was written by Eamonn Sheridan at www.forexlive.com.
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