Japanese manufacturing PMI, final for November
- preliminary 53.5
- before 53.2
At 54.5, it’s the highest in 4 years for that.
- “The Japanese manufacturing sector continued to see improving operating conditions midway into the fourth quarter of 2021, with November PMI data indicating the fastest improving sector health since January 2018. The pace of l he expansion accelerated as companies grew stronger. both in production and in new orders.
- “That said, anecdotal evidence indicated that supply chain disruption continued to hamper activity in the industry. Companies saw a sustained and marked deterioration in delivery times in November. Additionally, shortages Materials and logistical disruptions have contributed to a rapid increase in average cost loads, prices have increased at the fastest pace since August 2008.
- “Looking beyond the immediate future, Japanese manufacturers remained convinced that production would increase over the next 12 months. The companies hoped that the end of the COVID-19 pandemic would speed up the launch and mass production of new products, as part of a widespread push to demand in domestic and international markets. This is in line with IHS Markit’s forecast of a 5.3% increase in industrial production in 2022. “
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