Japan Composite PMI Hits 52.5 as Input Costs Climb to Near 4-Year High
Updated
Updated · investinglive.com · Jun 23
Japan Composite PMI Hits 52.5 as Input Costs Climb to Near 4-Year High
2 articles · Updated · investinglive.com · Jun 23
Summary
Japan’s flash composite PMI rose to 52.5 in June from 51.1, the strongest in three months, with manufacturing at 54.9 and services returning to growth at 51.8.
Input cost inflation accelerated for a fifth straight month to its sharpest since July 2022, as Middle East war-driven energy, fuel and raw material prices lifted costs across both sectors.
Manufacturing payrolls grew at the fastest pace in more than eight years, but S&P Global said part of the demand pickup reflected client stock-building ahead of further disruption and price rises.
That mix of firmer activity and hotter costs reinforces the BOJ’s recent rate hike to 1% and keeps further tightening in play, even as business confidence stays muted by inflation and supply-chain risks.