Japan Manufacturing New Orders Jump Fastest Since January 2018 as Output Growth Stays Sharp
Updated
Updated · Forex Factory · Sep 1
Japan Manufacturing New Orders Jump Fastest Since January 2018 as Output Growth Stays Sharp
3 articles · Updated · Forex Factory · Sep 1
Summary
Japan’s manufacturers reported their fastest rise in new business since January 2018 in August, extending a marked improvement in operating conditions.
That demand lift was accompanied by further sharp gains in production and new work, prompting firms to raise staffing and purchasing at faster rates.
Cost pressures eased slightly from prior levels but remained intense, with companies still citing Middle East war-related supply disruption and a weak yen.
The August survey points to a manufacturing recovery driven by stronger sales even as external supply and currency strains continue to weigh on costs.