"The S&P Global Japan Manufacturing Purchasing Managers' Index rose to 49.7 in August, up from 48.9 in July, but still below the 50-point mark separating expansion from contraction. Annabel Fiddes, economics associate director at S&P Global Market Intelligence said: The latest PMI data signalled that manufacturing conditions in Japan moved closer to stabilisation in August, helped by a softer fall in output. Demand conditions remained sluggish, however, with overall new work continuing to fall modestly."
"In early August, Donald Trump latest swathe of country-specific tariffs came into effect, with Japan's products now attracting a 15% levy. In South Korea, manufacturers have reported sustained and solid reductions in output and new orders' last month, which they blamed on a subdued domestic economy and global trade uncertainty. The S&P Global South Korea Manufacturing Purchasing Managers' Index came in at 48.3 in August, up slightly from 48.0 in July, but showing the seventh successive month of worsening business conditions."
Factories across Asia-Pacific experienced a decline in manufacturing activity in August, with S&P Global PMI readings indicating contraction. Japan's manufacturing PMI rose to 49.7 in August from 48.9 in July but remained below the 50 expansion threshold, while new export business contracted at the sharpest rate since March 2024. A 15% tariff on Japanese products took effect in early August. South Korea's PMI registered 48.3 in August, marking the seventh consecutive month of deteriorating conditions amid subdued domestic demand and global trade uncertainty. Taiwan's manufacturers reported sharp reductions in output and new orders.
Read at www.theguardian.com
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