Japan's manufacturing PMI slightly up in April

By Gokhan Ergocun

ISTANBUL (AA) - Japan’s manufacturing sector's purchasing managers index (PMI) posted a slight increase in April, as the downturn in the sector eased, data provider S&P Global said on Tuesday.

The PMI was up from 49.2 in March to 49.5 in April, a press release by S&P Global showed.

While businesses signaled for a recovery in supply chains, weak domestic and global economic trends led to sustained contractions in production and order books, it said.

Input costs were at the slowest pace since August 2021 but the inflation was still historically elevated, it said.