22 May | Other

Japan's manufacturing activity contracted for eleventh consecutive month in May

Japan's manufacturing activity contracted for eleventh consecutive month in May

Manufacturing activity in Japan decreased again in May, marking almost a year of decline. Local factories continue to face pressure from US tariffs on Japanese imports. These results were revealed in a survey of industry representatives.

May's purchasing managers’ index (PMI) for Japan's manufacturing, calculated by the au Jibun bank, rose to 49.0 from April's value of 48.7. However, the index remained below the 50.0 threshold separating growth from contraction for the eleventh consecutive month.

Factory output fell faster than in April, while the decline in new orders and exports slowed compared to the previous month.

Japanese factory input costs increased at the slowest rate in 14 months, and output price inflation reached its minimum in almost four years. Business confidence among industry representatives improved slightly in May after reaching its lowest level in nearly five years in April.

According to analysts at S&P Global Market Intelligence, uncertainty regarding the future trading environment and external demand clouds the outlook for Japanese business.

Anton Volkov MarketCheese
Period: 16.07.2025 Expectation: 900 pips
NVIDIA shares rise amid global AI infrastructure investments
Today at 10:19 AM 27
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
Today at 08:16 AM 27
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
Yesterday at 11:26 AM 66
Period: 15.07.2025 Expectation: 400 pips
Selling AUDUSD targeting 0.65000 amid limited growth and technical weakness
Yesterday at 10:15 AM 37
Period: 31.07.2025 Expectation: 2000 pips
Selling SPX targeting 6,050
Yesterday at 08:54 AM 20
Period: 14.07.2025 Expectation: 945 pips
Delayed tariff implementation may push silver to $35.650
07 July 2025 56
Go to forecasts