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Japan's Manufacturing Contracts Amid Cautious Orders and Inflation Drop

9/26/2025

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Summary

Story summary

Japan's manufacturing activity contracted in September as the S&P Global flash Manufacturing Purchasing Managers' Index (PMI) fell to 48.4 from 49.7.
New orders fell to a five-month low as firms kept cautious inventory amid conditions.
Export orders declined, though the pace eased from August's 17-month low.
Input price inflation cooled to its lowest level since early 2021, easing cost pressures.

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Story summary

Japan's manufacturing activity contracted in September as the S&P Global flash Manufacturing Purchasing Managers' Index (PMI) fell to 48.4 from 49.7.
New orders fell to a five-month low as firms kept cautious inventory amid conditions.
Export orders declined, though the pace eased from August's 17-month low.
Input price inflation cooled to its lowest level since early 2021, easing cost pressures.