Manufacturing activity in Japan declined for 9th consecutive month

Moscow, February 3 – “News.Economy.” Manufacturing activity in Japan in January declined for the ninth consecutive month amid a continuing decline in production volumes and new orders.

Photo: EPA/EVERETT KENNEDY BROWN

PMI (Purchasing Managers Index, PMI) Jibun Bank in Japan, the industry in January increased from December’s level of 48.4 to 48.8 points, according to Markit IHS. The preliminary value of the indicator amounted to 49.3.

a reading below 50 points reflect reducing activity, a higher activity.

Index remains below 50 points for the ninth consecutive month.

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industrial Production in Japan in the fourth quarter fell a record tampomechanika Japan, perhaps, is already in recession of Japan kept monetary policy and improved economic forecasts”March manufacturing PMI of Japan continues to reflect the difficulties in the sector, said Markit economist at IHS Joe Hayes. The sector of capital goods was particularly lagging, and the data here show a sharp and accelerated reduction in production and new orders.”

overall new orders and production decreased for the 13th consecutive month, although the rate of decline was less rapid in comparison with the previous month.

the Rate of decline of new export orders fell to the lowest level since November 2018, while business sentiment reached a 17-month high.

“Manufacturers of intermediate goods, including electronic components, reported a particularly sharp rise in optimism, which served as an early signal about the positive impact of easing tensions in world trade on an industrial economy,” said Hayes.

Many analysts expect the third largest economy in the world declined in the fourth quarter of 2019.

the Spread of a new type of coronavirus creates additional picsto the economy. As reported “Vesti.Economy”, the Minister of economic recovery of Japan, Yasutoshi Nishimura last week warned that corporate earnings and industrial production may suffer from an outbreak of coronavirus in China. Text: News.Economy