Economic Buzz: Japan?s manufacturing output stays in expansion mode as new orders spike

Japan?s manufacturing output rose at its fastest pace in more than 12 years in July, with across-the-board improvements in sub-indexes, including a sharp surge in new orders buoyed by AI-related demand, a survey showed today. The S&P Global Japan Manufacturing Purchasing Managers? Index (PMI) came in at 54.5 in July, easing slightly from 54.8 in June and the flash reading of 54.7, but marking the seventh consecutive month of expansion. A reading above 50.0 indicates expansion, while below that level signals contraction. Manufacturing output grew at the quickest rate since February 2014. New orders rose at the fastest pace since January 2022.

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