Japan's factory growth slows as cost pressures surge, PMI shows
CNA·
- In May, Japan's manufacturing expanded slightly slower, with a PMI of 54.5, down from April's high of 55.1.
- Record export order growth was offset by cost surges due to the Middle Eastern conflict and inventory accumulation.
- Although manufacturers anticipate growth in sectors like AI and electronics, rising costs and a sluggish global economy may pose challenges ahead.
